Monday, September 22, 2008

'Indian companies have been typically carrying significant bench strength for future projects'

Extend the tax holiday for SMEs in IT

Even as those in the IT (information technology) industry clamour for tax incentives, others wonder if IT has not matured enough to be able to sustain itself without any further fiscal support of tax incentives from the Government.
"Over the period, Indian IT/ITeS companies have definitely moved up the value chain, and the sector is currently poised at the `growth stage' of its lifecycle," says Mr K. R. Girish, a Bangalore-based chartered accountant with KPMG, and also the Convener for Economic Affairs and Public Policy, CII, Karnataka.

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