Nasscom Wish list |
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Take proactive steps to resolve various issues related to direct and indirect taxes. |
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Exempt computers from customs and excise duties |
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100% annual deprecation on PCs. |
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Advancing target dates by one year for reducing import duties for IT products to 10% in 2004 and zero by 2005. |
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Take a fresh look at issues like taxation of non-residents, rising uncertainty and lack of transparency in the case of various incentives and exemptions being provided to the IT software sector. |
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Look after supportive infrastructure such as improved telecommunication facilities, efficient airports and ports, reliable power supply, efficient urban mass transport and good roads to retain India's global edge in the IT and ITES sector. |
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Special Economic Zone (SEZ) scheme for educational institutions that would provide incentives and facilities to educational entities in the line of incentives offered to units operating under the Software Technology Park (STP) scheme.
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Mr. Shashank Patkar, CFO, Geometric Software Solutions |
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No tinkering with 10A. |
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Drawback or rebate on service tax for software exporters. |
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Further simplification on import/export processes. (For instance, the government has simplified the filing of Softex, a form for software and services exports). |
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Mr. Ravi Ramu, CFO, MphasiS-BFL |
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Tax/capital investment incentives for the corporate sector for setting up IT/BPO units in districts and towns and other less urban areas and investing in telecommunications and related infrastructure in semi urban and rural areas. |
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Clarification regarding the uncertainty over the recent interpretation of the Section 10A /10B benefits. |
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E-commerce taxation is an issue that has been left open for a number of years. Specific guidelines on Permanent Establishment and related tax consequences need to be clearly formulated. |
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The cumbersome requirement for IT companies to prepare Softex Forms to be submitted to STPIs surely needs to be done away with since it no longer seems to serve a purpose at all. |
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In keeping with the requirement to bridge the digital divide and to spread the use of IT in a meaningful manner across the country, STPI units should be set up, to begin with, in key district headquarters. |