Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: articles on VAT and GST in India :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd :: cpt :: due date for vat payment
 
 
« News Headlines »
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns
 With income tax returns filing deadline near, here are 3 major things to do before March 31
 When public becomes tax gatherer

Govt may extend tax holiday for STPI units
November, 07th 2006

The Union ministry for information technology is preparing a cabinet note seeking extension of the 10-year tax holiday currently being enjoyed by units in Software Technology Parks of India(STPI), according to the Union IT minister Mr Dayanidhi Maran.

Mr Marans comments come at a time when the sunset clause(for tax-exemption) for these units comes to a close in March 09.

He was talking to the media on the sidelines of the signing of a memorandum of understanding(MoU) between SemIndia and IMEC, a Belgian nanotechnology and nano-electronics research institute.

Queried about the proposed semi-conductor policy, Mr Maran said his department was seized of the issue and that the policy being proposed would see support being extended to cutting-edge technology in this space as technological obsolence was major issue.

Mr Maran said that it was not just semi-conductor companies, but even Indian researchers settled in the US who were keen to set up a fab city(fabrication city) in India.

The MoU signed by SemIndia envisages support being given IMEC for setting up a semi-conductor foundry by 07 with a production ramp-up in 09. The partnership aims at developing 130nm and 90nm chip-sets targetting markets like mobile phones. We would also collaborate on process for 65 nm and 45 nm products, said Vinod Agarwal, founder chairman and CEO of SemIndia.

Mr Gilbert Declerck, president and CEO of IMEC said that the institute was also in talks with another Indian institution to sign a MoU on the lines of what it has done with SemIndia.

The MoU was signed in the presence of Union finance minister P Chidambaram and the Belgian prime minister Mr Guy Verhofstadt. IMEC headquartered in Leuven in Belgium had revenues of euro 197m in 05.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions