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FE Home - Story

Tax holiday for software firms extended

Reuters
Posted: Apr 29, 2008 at 1548 hrs IST
Updated: Apr 29, 2008 at 1714 hrs IST


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Finance Minister Palaniappan Chidambaram on Tuesday extended by a year a tax holiday scheme for export-driven software companies as he outlined some changes to the federal budget for 2008/09.

The scheme for facilities based in technology parks was set to expire in March 2009.

The government had announced a 10-year tax holiday for the units in April 2000 under a policy aimed at encouraging growth in the sector.

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