Simple tax and transfer pricing regulations investments to drive 'Make in India' & 'Digital India'.

Q: 'Make in India' and 'Digital India', two of Government's pet projects are opening up a number of fresh business opportunities for IT companies.

Govinda,

18th February 2015

Real estate News in Pune

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budget 2015-2016

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In a nutshell, some of the key pre-budget expectations of the IT industry are: 1)Simplification of the tax regime, 2) Creative a conducive regulatory environment aiding ease of doing business in India, 3) Exempting R&D budget of IT companies from tax, 4) Incentivising IT players who invest in 'Digital India' and 'Make in India' campaigns and 5) Earmarking a chunk of budget for building a robust network infrastructure in India.

Lokesh Patwa,

20th February 2015

Comment

Not only this Lokesh, the industry is also requesting a model where incentives will be offered to IT players who are ready to invest in these government-driven projects. The Budget should pave the way for expeditious implementation of e-governance projects by incentivising investments in world-class data centres and cloud computing infrastructure besides a chance to be a pioneer in the realm of Internet of Things.

Puneet Laskar,

19th February 2015

Comment

@Puneet,
To transform the lives of people by making them digital, a substantial amount needs to be earmarked to develop a robust network infrastructure across the country, which will be the foundation on which India's digital economy will be built.

Lokesh Patwa,

18th February 2015

Comment

I remembered that last year's budget, for the first time, recognised software product startups as an industry in itself that needs to be given a boost. With the government promising promoting innovation, Indian mid size IT companies are seeking tax incentives for their R&D centres from the Budget.

Puneet Laskar,

18th February 2015

Comment

You are absolutely right Puneet,
This Budget needs to address issues of simplifying tax regulations, improve ease of doing business and accelerate the speed of big ticket tax reforms. IT product development has been a key focus area in the 'Make in India' initiative.

Lokesh Patwa,

18th February 2015

Comment

Hi,
But some basic needs like well built pan-India network infrastructure, simple tax and transfer pricing regulations, exemption of tax on IT companies' and R&D budgets are essential. This time the IT industry is calling out for these and more, from Budget 2015-16.

Puneet Laskar,

18th February 2015

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