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Mahajan announces sops for IT-enabled services

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CIOL Bureau
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NEW DELHI: Inaugurating a two-day seminar organized by Nasscom on IT-enabled

services, the Minister for Information Technology, Pramod Mahajan, announced

several sops for the sector. These include single window clearances for

IT-enabled services located in STPIs, income tax exemption on IT-enabled

services, setting up a working committee for women in IT-enabled services, and a

promise to lobby with the Finance Minister to set up a venture capital fund for

IT-enabled services during the next budget.

Speaking at the inaugural session Nasscom president Dewang Mehta said,

"We welcome the government's decision to support ITES (IT Enabled Services

Units) through income tax exemption and single window clearance at STPIs. Pramod

Mahajan's assurance to meet all other demands that have been outlined in

Nasscom's Action Plan for the ITES sector will be critical in realizing the true

potential of the sector."

When it was brought to the Minister’s notice that the benefit of tax

exemption was not available to the industry, he said, "If the Finance

Minister has assured in the Parliament on ITES being tax exempt under 10A/10B

until 2010, then I will take up the matter with the CBDT. And, in the next two

weeks try to enlist the categories of ITES companies that would be exempt."

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