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: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: empanelment :: cpt
 
 
News Headlines »
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM
 Income tax (1st Amendment) Rules, 2017

IT dept lines up incentives for SMEs
January, 09th 2007

Small and medium enterprises (SMEs) may soon become investment hot spots in the IT segment. The department of information technology (DIT) has recommended a slew of measures, including fiscal incentives, to encourage growth and development of SMEs.

To encourage SMEs to create their own products, the department of information technology has suggested tax depreciation and credits for investments made towards developing intellectual property (IP) by SMEs. The department has stated that IPs developed by SMEs in particular be encouraged in e-governance projects.

In a move to boost growth of SMEs, the department of information technology has recommended that companies with a turnover of over Rs 100 crore be offered tax benefits on costs incurred for goods and services procured from domestic SMEs through a subcontract model.

To further growth in the SME sector, it has been suggested that tax deductions of up to 20% of the taxable income be provided to all IT-ITeS professionals working with SME companies for a minimum period of two years.

With a view to popularise seed funding in SME start-ups, the department of information technology has recommended setting up of a fund that insures a certain percentage of the seed-funders investment.

To facilitate industrial or market application of research, the department suggests that fiscal incentives in the form of a set-off against taxable income be given to individuals who invest in start-ups that provide a commercial output to work done by research institutions.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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