Budget Reaction from Aricent

Dear Sir,

 

Appended below please find the Aricent reaction to the Union Budget 2009-10 for your reference. Also attached please find the picture of Mr. Sudip Nandy.

 

BUDGET REACTION-- Sudip Nandy, CEO, Aricent.

 

“July, 2009: Aricent welcomes the Union Budget 2009  as it delivers on  quite a few  of the expectations of the IT industry. We are particularly pleased with the one year extension granted to the tax holiday scheme as it would greatly benefit the SMEs especially given the tough market conditions faced due to the downturn. It is heartening that the finance minister has abolished the Fringe Benefit Tax and double taxation on the packaged software which will simplify business. 

 

We are also very pleased on the budget’s focus on infrastructure, job creation and most importantly education especially to improve the quality of the existing IITs and NITs.”

 

“However, the increase in MAT is a bit of a concern as it could impact current cash flow for companies. Although, as we come out  of  tax holiday and the effective tax rate increases, this increase in MAT could eventually get offset  against  higher taxes  in future years”

 

 

Regards,

Sarmishtha Sinha

Senior Account Executive

Text 100 Public Relations

 

A ­Hewitt Top 25 Best Employer in India
India’s 1st CMS (Consultancy Management Standard) certified PR Consultancy

 

2nd Floor, TDI Centre

Plot no. 7

Jasola

New Delhi – 110025

 

Tel:         +91 11 40612000 ext 2016

Mobile:   + 919899699484

Email:      sarmishthas@text100.co.in

URL:         www.text100.com

 

Winner 2007 Asia Pacific PR Award for Mid-Sized Network of the Year

Winner 2007 Asia Pacific PR Award for New Consultancy of the Year (Malaysia Only)

Winner 2007 PR Week Award for Pioneering Work in Second Life
Winner 2007 Holmes Report New Media Agency of the Year

 

NOTICE & DISCLAIMER

This email (including attachments) is confidential. If you have received this email in error please notify the sender immediately and delete this email from your system without copying or disseminating it or placing any reliance upon its contents. We cannot accept liability for any breaches of confidence arising through use of email. Any opinions expressed in this email (including attachments) are those of the author and do not necessarily reflect our opinions. We will not accept responsibility for any commitments made by our employees outside the scope of our business. We do not warrant the accuracy or completeness of such information.

 

Text Hundred India Private Limited

Registered number 5581966
Registered office: 2nd Floor, TDI Centre, Plot No.7, Jasola, New Delhi 110 025

 

P Please consider the environment before printing my email.