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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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IndiaInfoline arrow Budget arrow Industry Reactions

Issue of STPI extension has not been addressed in budget:Ambarish Deshpande

India Infoline News Service / 12:16 PM , Mar 01, 2011

We are delighted that the Finance Minister has recognised the role of IT in varied aspects of governance.  Initiatives mentioned in the budget towards e-filing, e-payment of taxes, computerisation of commercial taxes and the creation of ‘Sevottam’a  web based facility for tax payers are strong indicators of the country’s movement towards a convenient and automated mechanism of tax administration. 


However, as we move towards an information driven economy, it is essential that the ‘webification’ of these critical applications takes place on secure platforms so that majority of tax payers migrate to using this convenient mechanism. 


In terms of the Information Technology sector, the issue of STPI extension has not been addressed in the budget. But we expect the proposed Direct Tax code which will be enforced in April 2012 to continue catalyzing the growth of this industry. 


We welcome the budget’s specific and actionable framework towards the enforcement of GST which will work in the industry’s favor by bringing about standardization in taxes. The reduction of corporate surcharge from 7.5% to 5% will also amount to greater profitability for Indian companies.


Ambarish Deshpande, Director Sales, McAfee India

Janta's Reaction

Posted By: SHAISHAV PATEL AHMEDABAD   |  Mar 20, 2012 04:28 PM
... WE WANT INFLATION RATE LESS,.... AGAR AISE HI RATE BADHTA RAHA TO HOW CAN A COMMON MAN CAN SURVIVE??? MEHGHAI KUM HONI CHAHIYE,,,, REGULAR USING ITEMS K RATE BHI KUM HONE CHAHIYE......... TOHI COUNTRY GROW KAREGA
Posted By: Kamal Chennai   |  Mar 17, 2012 11:58 AM
Change in Tax slab gives benefit for the ppl who are earning more than 8 lakh.
Posted By: Anjali Tawani Udaipur (raj.)   |  Mar 16, 2012 03:50 PM
govt. only know that how to hikes the prices in all sectors ,Ek aam aadmi nahi survive kar sakta,,,,,, janta jaagoooooo
Posted By: Singh is King Port Blair   |  Mar 16, 2012 01:16 PM
Bad budget. Tax limit increased only to 2 Lacs. Also service tax up by 2 percent. All prices will go up.
Posted By: M K Bhagat Bhopal   |  Mar 16, 2012 10:43 AM
It is easy to collect 100 rs from 100 person @ Rs. one each, instead of collecting Rs. 100 from one person @Rs. 100. The railway budget has increased the fare of AC and higer class where barely few people used to travel. per KM hike from 15 to 30 pc. rlw may get better revenue if general and sleeper clas also covered with hike only 5 pc per Km. sa the percentage of traveller is very high in economic class.
Posted By: himanshu joshi new delhi   |  Mar 15, 2012 08:55 AM
instead of charging excessive taxes on petrol, government should divert such taxes to those commodities which are generally used by upper middle class or upper class.
Posted By: Yash Indore   |  Mar 14, 2012 02:20 PM
Dont have too many expectations from the budget this year too..
Posted By: Guest Thane   |  Mar 13, 2012 05:48 PM
2011 budget was not upto mark for normal people
Posted By: shwetha raichur   |  Mar 07, 2011 01:25 PM
income tax exemption for womens
Posted By: rupesh jindal rania   |  Mar 01, 2011 02:25 PM
i think that this budget have not good impact on the life of normal people.there is no relief for people
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