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: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: due date for vat payment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: list of goods taxed at 4% :: form 3cd :: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money
 10 Income Tax Rules That Will Change From April. See Details Herea
 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

Tax benefits on office space rentals sought
November, 13th 2007
Small, medium units ask for extension of STPI sops


Key demands

Government must set up IT parks for SMEs with nominal occupation charges.

Must permit co-ownership of space at special economic zones.

Customs processing for electronic goods be carried out online to save time.

Government could look at providing bandwidth interoperability facilities.


Small and medium enterprises in the IT industry want extension of STPI sops and exemption from fringe benefit tax and service tax on office space rentals.

Mr Sankaran P. Raghunathan, President, IT-SME Association, said the government needs to set up IT parks for SMEs with nominal occupation charges and permit co-ownership of space at special economic zones (SEZs). Currently, only those companies buying at least 25 acres of land are allowed to set up operations in SEZs.

This came up in a discussion organised by the Federation of Indian Chambers of Commerce to talk out pre-budget issues of the industry.

Govt contracts

Mr Raghunathan also suggested that a certain portion of government contracts be set aside for SMEs. Due to our small size we are currently being discriminated against in government contracts and PSU tenders, he said.

Mr D. Balakrishnan, Chief Operating Officer, SPEL Semiconductor Ltd, suggested that Customs processing for electronic goods be carried out online to save time.

He said that Korean companies such as LG and Samsung availed themselves of speedy Customs clearances in their countries and that India should also give similar preference to home-grown companies.

Mr Adi Saravanan, Founder and President of BPO company Allsec Technologies, said the government could look at providing bandwidth interoperability facilities.

This will ensure that companies spread their assets and offer same process capabilities to domestic and international projects. Currently, companies needs to get separate bandwidth to work on domestic and international projects.

SMEs currently contribute about $9 billion (about Rs 36,000 crore) to Indias total software and services revenues of $40 billion (about Rs 1.6 lakh crore). They are expected to contribute 40-50 per cent to total software and services revenues by 2010.

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

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