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

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IndiaInfoline arrow Budget arrow Industry Expectations

Clear SEZ policy to make things easy for IT sector: Persistent Systems

India Infoline News Service / 11:06 am , Feb 15, 2010

We believe that there are signs indicating a revival in the economy. We are looking for policy to help regain the momentum and bring back the high growth rates we have seen in the industry. The key concern area for the industry will be continuance of tax holiday for the units in Software Technology Parks (‘STP’) beyond 2010 and a clear SEZ policy to make things easy for the IT sector, whether in the current Income Tax laws or the revised Direct Taxes Bill. We are also looking forward to a revised DT Bill which will articulate the long-term tax policy and remove uncertainty.


The author Rajesh Ghonasgi is Chief Finance Officer of Persistent Systems Ltd

Janta's Expectations

Posted By: Mishra A K Bangalore   |  Feb 25, 2011 09:09 AM
I expect FM To reduce Wasteful expenditure. Do not spend Money Which Encourage arrogance among Poor through Pampered Poverty by political parties. Poverty Can Not be a right for any one.Expectation has no limit.Do not allow sympathy toward poverty to be hijacker by politicians. Give maximum Budgetary support to Self reliance among who deserves. Poverty is a state of mind Nurture by politics as end use. Desist from spending on non Performing citizen. Give incentive to duty bound citizen. Follow Bihar Pattern To Curb Corruption.
Posted By: DEB KUMAR SUR KOLKATA   |  Feb 18, 2011 11:52 AM
I expect more populist budget than a realistic one. Still there are expectation from industry for more steps toward tax benefit Now there are specific expectations- 1) Anti dumping duty on Chinese power equipment, 2)Encouragement for renewable energy and developing home grown coal mines, 3) Disinvestment more for funding subsidy of OMCs. 4) Duty cut to encourage export of automobile,IT, Pharma and Textile.
Posted By: ashim Mumbai   |  Feb 18, 2011 11:37 AM
there should be no long term & short term tax
Posted By: suresh amreli   |  Feb 18, 2011 10:18 AM
good news for infrastructure in budget 2011 like fund raise permission for long term debt to with infra bond and other resaurses
Posted By: RAMESH LALWANI CHENNAI   |  Feb 16, 2011 08:59 PM
BUDGET MUST BE COMMAN MAN FRIENDLY. LESS TAX BURDEN. BEARABLE INTEREST. LOW INFLATION. SIMPLE. TRANSPARENT. ABOVE ALL, MUST BENEFIT ALL IN EVERY ASPECT. THANKS.
Posted By: pradeep nigam Chennai   |  Feb 16, 2011 11:43 AM
Increase min exempt income slab to provide some relief to the middle class and slash the increasing prices as much as possible. Increase the money at hand for us.
Posted By: dilip patel ahmedabad   |  Feb 16, 2011 10:57 AM
stt must be removed from the stock market.
Posted By: hitesh pariyani ahmedabad   |  Feb 16, 2011 10:49 AM
the prices of essential commodities should come down as everyone is facing much problems with this kind of high prices and low salaries. Also the salaries in broking firms must also be increased and there must be a floor for them. the MASTER DEGREE HOLDERS ARE STRUGLING A LOT IN THESE DAYS DUE TO NO JOBS AND LOW SALARIES. SO GOVERMENT SHOUD TAKE CARE OF THESE MBAs. thanks
Posted By: VENKAT chennai   |  Feb 16, 2011 10:31 AM
TDS must not be collected from Senior Citizens either on thier pension or their bank FDs etc. even if their income exceeds taxable income. anyhow they will be submitting their returns. TDS deduction and sending information by the banks to the income tax department is inefficient.
Posted By: muppurisrinivasulu giddalur   |  Feb 16, 2011 10:20 AM
Extend income tax benefits under STPI Scheme for additional period 3-5yrs for SMEs