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Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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Sectoral Expectations from Union Budget 2011-12: Information Technology

India Infoline Research Team / 15:15, Feb 23, 2011

Positive for all ; medium and small sized software companies to benefit more than large companies

Information Technology

Expectation
 Probability
 Implications
Extension of Tax exemptions under sections 10A and 10B (STPI) for one more year.
 Medium
 Positive for all ; medium and small sized software companies to benefit more than large companies
Clarity on the taxation of ‘right-to-use’ software as to whether services tax and/or  VAT has to be applied to the same.
 Medium
 Positive for all software services and products companies
Partial roll back of MAT for STPs
 Low
 Positive for all ; medium and small sized software companies to benefit more than large companies
Significant increase in allocation for education
High
 Positive for education companies



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