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New Delhi, Nov 8: A high-level committee constituted by the PM has recommended that income-tax sops for software technology parks (STPs) be extended beyond the March 31, 2009, deadline, by another 10 years.
According to government officials, the committee, chaired by Rajiv Ratna Shah, member-secretary, Planning Commission, has said this would prevent any relocation of infotech units from export-oriented units (like STPs) to SEZs. Around 6,500 infotech companies in 47 STPs across the country stand to benefit if the finance ministry agrees to the proposal. According to the officials, the tax benefits beyond 2009 for units in STPs will be at par with SEZs: 100% I-T exemption for the first five years, followed by a 50% exemption over the subsequent five years.
| • 6500 IT companies in 47 STPs across the country will benefit from proposal More from Front Page
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