This is a welcome budget; it will stimulate growth and it also brings
several tax reforms
For the IT/BPO industry : It is very positive since it addresses almost all
the concerns. Exemption under STPI scheme has been extended till 31st march
2011.
Tax anomalies for SEZ units have been removed. Fringe Benefit Tax (FBT) has
been abolished making ESOPs more attractive. Also proper dispute resolution
has been created for transfer pricing.
This budget will help the Indian IT/BPO industry to remain globally
competitive
- Mr. Atul Nishar, Founder & Executive Chairman,
Hexaware Technologies Ltd.
About Hexaware:
Hexaware is a leading global provider of IT and BPO services. The Company
has achieved leadership position in domains such as Banking, Financial
Services, Insurance, Transportation, Logistics and HR-IT solutions. Hexaware
focuses on delivering business results leveraging technology solutions and
specializes in Business Intelligence & Analytics, Enterprise Applications,
Independent Testing and Legacy Modernization. Hexaware has been providing
technology solutions for business for 18 years and offers world class
service delivery, technology leadership and skilled human capital. For
additional information logon to <http://www.hexaware.com> www.hexaware.com
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