Thursday, July 9, 2009

Is the IT sector to be given tax incentives, or are exporters to be incentivised?

The ‘holiday’ debate

It is time for a paradigm shift on the debate about tax holidays for IT (information technology) companies, says Abhishek Goenka, Partner and Leader of the real-estate and IT practice in BMR Advisors. “The discussion really began when some industry czars said that IT companies must start paying taxes. Since then, much has changed,” he adds, during the course of a pre-Budget interaction with eWorld.

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