Free press releases distribution network?

More news: Software
Agency / Source: TatvaSoft - Custom Software Development India

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Software Excise Duty Disturb IT-Industry - P. Chidambaram, Union finance minister may have pushed the semiconductor industry, but the excise duty on packaged software is being viewed as a hindrance for the growth of domestic software development industry in India
Software Excise Duty Disturb IT-Industry

 

PRZOOM - /newswire/ - Ahmedabad, India, 2006/03/04 - P. Chidambaram, Union finance minister may have pushed the semiconductor industry, but the excise duty on packaged software is being viewed as a hindrance for the growth of domestic software development industry in India.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

However, with the news of introduction of excise duty on software products, it can make impact on the general demand, particularly adverse effect for the education sector. The budget has been neutral on the IT front, so the proposed 8 per cent duty for all the counter packaged software increases Information Technology penetration for majority of the people. The review of Fringe Benefit Tax by removing some genuine business expenditure from its preview welcomes.

As far as the software development industry is concerned, there would be increase in cost of both software and hardware that are business related in the domestic market, whether it is imported or not. So with the view of export-oriented IT industry there is little impact because the increased of duties wont affect the units of STPI.

The industry has already welcomed the plan to move up the tele-density and modernize with IT tax. In the process of budget it can’t view the IT sector like way as food processing, tourism, textiles among others. This entire segment has been benefited in this year. There would be increase in piracy due to higher Software Excise duty this year.

Indicating the Budget as well-balanced and positive one, it was neutral on the IT Outsourcing industry but for a small increase in Minimum Alternate Tax or service tax. The increase in service tax was expected to have an impact on the costs of the services availed for the IT industry. Right now increased of Software excise duty has left the booming IT industry into frowning, an Indian semiconductor industry would like to congratulate the Finance Minister for the proactive support to this segment by his decision to formulate national semiconductor policy by setting up comity.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: TatvaSoft - Custom Software Development India

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Software Excise Duty Disturb IT-Industry

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: TatvaSoft.com 
+91 79 40038222 info[.]tatvasoft.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TatvaSoft - Custom Software Development India securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From TatvaSoft - Custom Software Development India / Company Profile


Read Software Most Recent Related Press Releases:

LDiscovery Completes Acquisition of Kroll Ontrack
SYSPRO Opens a New Office in Nairobi, Kenya
Rocket Servergraph Professional Now Supports IBM i
JDA Solutions Selected by Coca-Cola FEMSA Mexico to Support its Innovative Supply Chain
CommutAir Leverages The Weather Company, an IBM Business, to Harness the Power of Big Data from the Tarmac
Leading Independent Research Firm Cites TIBCO as a Strong Performer in Insight Platform Report
Saba Named a Leader in Learning and Performance Management
Infor Recognized as Top Retail Software Provider in 2016 RIS News LeaderBoard
IBM Debuts Blockchain Ecosystem to Help Accelerate Growth of Networks on Hyperledger Fabric
Permanent TSB to Improve Contact Centre Performance and Compliance with Noble Systems Composer Real-Time Speech Analytics

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today