A WELCOME BUDGET
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 www.hexaware.com
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