It Budget

  • IT industry seeks MAT reduction to 5 pc in Union Budget February 25, 2013

    Hyderabad: The IT and IT-enabled services industry here has sought the reduction in minimum alternate tax (MAT) to 5 per cent in the Budget 2013-14 for all IT companies operating in SEZs. The Finance Minister is slated to announce on Thursday the budget proposals for the next fiscal. "With the introduction...
  • Budget 2013: 'Invest in pharma, financial, IT sector' February 25, 2013

    While most people in the market are bullish in the run up to the Union Budget, Dipan Mehta, member of BSE & NSE doesn't see the Budget having any large impact on the equity market. The domestic and global cues, according to Mehta, will at best have a short-term effect...
  • Budget 2013: IT hardware biz seeks cut in duty, nil tax February 22, 2013

    IT hardware manufacturing industry will provide employment for not-so-lucky people, possessing educational qualifications like ITI and diploma, besides gender employment. Current internet density and penetration of IT have enough of headroom for growth and India being geographically at a right location in the middle of the globe, it serves as...
  • Budget 2013: IT sector demands sop for domestic companies February 22, 2013

    The Union Budget for 2012-13 should incorporate policies and measures to develop the domestic software industry and also focus on encouraging software products segment in the country by protecting it from foreign competition in the domestic market. The Government should promote Indian software products to develop more intellectual property for India....