IT exporters hope tax relief will be extended further
Kolkata: The Electronics and Computer Software Export Promotion Council (ESC) has welcomed the central government's decision to extend by one year till March 31, 2010, tax exemption available to the IT companies under the Software Technology Parks of India (STPI) scheme.
ESC chairman Sanjiv Narayan said the industry was looking forward to the government for some support to maintain the IT head start. He said: "Export impact of IT, particularly software and ITeS, has got a snowball impact on all other sectors."
The ESC is hopeful this tax sop would be extended for a few more years.
STPI is a society set up by the department of communication & information technology in 1991 with the objective of encouraging, promoting and boosting the software exports from the country.
ESC eastern region chairman S. Radhakrishnan said: "We will try to utilise this one-year time fully to do our best."
He added that the ESC was planning to bring IndiaSoft exhibition to West Bengal next year. In this exhibition, usually B2B (business to business) interaction happens between companies. For the past two years, the exhibition was held in Hyderabad where almost 100 companies participated.
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