It Budget

IT industry seeks MAT reduction to 5 pc in Union Budget

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. ...  

Budget 2013: 'Invest in pharma, financial, IT sector'

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 on the stock prices. ...  

Budget 2013: IT hardware biz seeks cut in duty, nil tax

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 centre for products and services exports towards African and South Asian countries, besides the Middle East. ...  

Budget 2013: IT sector demands sop for domestic companies

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. ...