“We expect the forthcoming Government of India’s 2011 budget to focus on reigning in inflation, bring in measures to continue with reforms to set the stage for sustained growth and development.
From IT Industry perspective we are looking forward for extension of tax holiday for STPI/EOU, reducing the Minimum Alternate Tax rate from 19.93% and expediting the refund of service tax paid. This will help industry stay competitive in the current environment and would further promote investment in innovation and new technologies.
Also there is expectation on widening of personal tax slabs to take care of inflation and further provide higher disposable income in hands of individual”.
Samir Dhir
Senior Vice President /Global Delivery Head and Head of India Operations
Virtusa Corporation
