Live
- Indian students' concerns about employment, safety, and visas discourage them from applying to UK universities
- Candlelight Concerts Makes a Dazzling Debut in Hyderabad with Sold-Out 'Tribute to Coldplay' Show
- Shubman Gill Sustains Thumb Injury Ahead of Perth Test; Devdutt Padikkal Joins Test Squad
- Unlock Loot Boxes, Diamonds, Skins, and More Exciting Rewards with Garena Free Fire Max Redeem Codes for November 16
- Regarding the DOGE Plan, Vivek Ramaswamy stated, "Elon Musk and I Will Take a Chainsaw to Bureaucracy"
- Sudanese army says repulsed paramilitary forces attack in western Sudan, killing over 80
- Jaipur Open 2024: Baisoya makes a grand comeback to clinch title in marathon playoff against Rashid Khan
- Jamaat-e-Islami Hind President asks cadre to reach out to larger society beyond community
- Why PM mum on Caste Census, removing 50 pc quota limit: Rahul Gandhi
- Barrackpore Municipality Vice-Chairman found dead at home, suicide note suggests blackmail
Nasscom expects clarity on transfer pricing
Nasscom, the apex body for IT and ITeS industry, expects some of the issues such as clarity on transfer pricing and benefits to STPI to be addressed in the upcoming Union Budget for better growth of the sector.
Budget 2016
Hyderabad: Nasscom, the apex body for IT and ITeS industry, expects some of the issues such as clarity on transfer pricing and benefits to STPI to be addressed in the upcoming Union Budget for better growth of the sector. Budget 2016 is crucial for the IT/ITeS and engineering services industry, according to a statement issued by Nasscom Chairman BVR Mohan Reddy.
"With this Budget, we expect announcements which may foster a better business environment and increase the ease of doing business in India. IT industry in the country has been facing several challenges due to lack of clarity in transfer pricing norms. We are hopeful that the Budget will address this and a few other essential elements like a correction in the prevailing high interest rates of 20-30 per cent for safe harbour margins.
Furthermore, the foreign trade policies should include benefits of Services Exports from India Scheme (SEIS) for Software Technology Parks of India (STPI) units," he said. Currently, without such benefits, STPI units are at a disadvantage as compared with their SEZ counterparts for the same services, he added. On manufacturing sector, he said the government should formulate better SEZ policies and incentives for the electronics manufacturing sector.
