{"id":143,"date":"2016-02-29T13:05:34","date_gmt":"2016-02-29T07:35:34","guid":{"rendered":"http:\/\/www.propstack.com\/news\/?p=143"},"modified":"2016-03-02T13:16:59","modified_gmt":"2016-03-02T07:46:59","slug":"software-majors-welcome-digital-plans-sez-scheme-extension","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/software-majors-welcome-digital-plans-sez-scheme-extension\/","title":{"rendered":"Software majors welcome digital plans, SEZ scheme extension"},"content":{"rendered":"<p style=\"line-height: 18.0pt; background: white;\"><span style=\"font-size: 11.5pt; font-family: 'Arial',sans-serif;\"><span style=\"color: windowtext; text-decoration: none; text-underline: none;\">TCS<span class=\"apple-converted-space\">\u00a0<\/span><\/span>and<span class=\"apple-converted-space\">\u00a0<\/span><span style=\"color: windowtext; text-decoration: none; text-underline: none;\">Wipro<span class=\"apple-converted-space\">\u00a0<\/span><\/span>praised FM<span class=\"apple-converted-space\">\u00a0<\/span><span style=\"color: windowtext; text-decoration: none; text-underline: none;\">Arun Jaitley<span class=\"apple-converted-space\">\u00a0<\/span><\/span>on Monday for Digital<span class=\"apple-converted-space\">\u00a0<\/span><span style=\"color: windowtext; text-decoration: none; text-underline: none;\">India<span class=\"apple-converted-space\">\u00a0<\/span><\/span>plans and extending tax benefit to export units under SEZ scheme till 2020 in his budget for 2016-17.<\/span><\/p>\n<p style=\"line-height: 18.0pt; background: white; box-sizing: border-box; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;\"><span style=\"font-size: 11.5pt; font-family: 'Arial',sans-serif;\">Tata Consultancy Services (TCS) chief executive N. Chandrasekaran commented that FM has delivered a fiscally responsible budget. He gave it a rating of 8\/10.<\/span><\/p>\n<p style=\"line-height: 18.0pt; background: white; box-sizing: border-box; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;\"><span style=\"font-size: 11.5pt; font-family: 'Arial',sans-serif;\">Jaitley presented that the benefit of section 10AA to new SEZ units would be available to units commencing activity before March 30, 2020.<\/span><\/p>\n<p style=\"line-height: 18.0pt; background: white; box-sizing: border-box; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;\"><span style=\"font-size: 11.5pt; font-family: 'Arial',sans-serif;\">Wipro CFO Jatin Dalal said that this extension would be advantageous due to the gestation time taken to operationalize production units.<\/span><\/p>\n<p style=\"line-height: 18.0pt; background: white; box-sizing: border-box; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;\"><span style=\"font-size: 11.5pt; font-family: 'Arial',sans-serif;\">The budget proposes to aid startups propagation through 100 % deduction of profits for 3 out of 5 years for startups set up during April 2016 to March 2019.<\/span><\/p>\n<p style=\"line-height: 18.0pt; background: white; box-sizing: border-box; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;\"><span style=\"font-size: 11.5pt; font-family: 'Arial',sans-serif;\"><span style=\"color: windowtext; text-decoration: none; text-underline: none;\">Nucleus Software<\/span><span style=\"color: windowtext; text-decoration: none; text-underline: none;\"><span class=\"apple-converted-space\">\u00a0<\/span><\/span>Exports Ltd managing director Vishnu Dusad said &#8220;Though there are no major sops in the budget for the software product industry, the government should understand that incentives to this (product) segment will result in an exponential leap in exports and place India in a strong position on the world software product stage&#8221;.<\/span><\/p>\n<p style=\"line-height: 18.0pt; background: white; box-sizing: border-box; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;\">Read more:\u00a0<a href=\"http:\/\/www.business-standard.com\/article\/news-ians\/software-majors-hail-sez-scheme-extension-digital-plans-116022901344_1.html\" target=\"_blank\">Business Standard<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TCS\u00a0and\u00a0Wipro\u00a0praised FM\u00a0Arun Jaitley\u00a0on Monday for Digital\u00a0India\u00a0plans and extending tax benefit to export units under SEZ scheme till 2020 in his budget for 2016-17. Tata Consultancy Services (TCS) chief executive N. Chandrasekaran commented that FM has delivered a fiscally responsible budget. He gave it a rating of 8\/10. Jaitley presented that the benefit of section 10AA\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/software-majors-welcome-digital-plans-sez-scheme-extension\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[111,116],"class_list":["post-143","post","type-post","status-publish","format-standard","hentry","category-policy","tag-budget-2016-17","tag-sez"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=143"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/143\/revisions"}],"predecessor-version":[{"id":144,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/143\/revisions\/144"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}