BPIAI to organize Pre–Budget Session at CII Conference Room

08 Feb '08

3 min read

And this is why most believe, that the government stands to lose more in terms of indirect taxes than it will gain from taking away the tax breaks.

Industry Pre Budget Memorandum (2008-09): Decoupling of BPOs from the IT
- The Abolition of Service Tax, FBT, ESOP, MAT as taxable perk.
- A need for a Special Department or Ministry in the
- Government to look after the BPO Industry.
- Continuation of 10A tax holiday for at least another five years.
- Extension of the STPI tax holiday beyond 2009 for a period of 10 years or more that is coterminous with the current IT-SEZ scheme.
- Change in the norm of area notified for the SEZ regime (1 mn sq ft built up area in a single location), which is not feasible for SME companies
- Assessing officers to avoid absurd interpretations of the term Export turnover U/s Sec10B and avoid using any and all pretexts to disallow some or all part of export profits from software sector which are otherwise exempt u/10B.
- Removal of ambiguities related to explanations of Section 10B that are used out of context by assessing officers and without proper application

It is against this backdrop that BPIAI is organizing a Pre – budget session on 11th February 2008 at 1400 hrs at CII, Conference Room, 249 F, Sector 18, Udyog Vihar, Gurgaon

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Confederation of Indian Industry

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