Bengaluru, March 06, 2016: The Indian IT sector has shown considerable resilience from time to time. The industry with its products, services and as an outsourcing hub is striving to be at par with international standards. However the technology sector has its own set of challenges. In a volatile global economy and stiff competition, growth and sustainability always remain a concern. We at F&D believe that much of the IT sector concerns especially those regarding tax simplification and policies can be solved if the government comes up with a growth-oriented tax policy framework.
“The Government should certainly move Aggressively in Areas Relating to Transfer Pricing and Safe Harbor Provisions.” He further adds that the current tax rate on corporate of 30 per cent, while not being exorbitant, is surely higher as compared to several other countries. An important area the government should definitely look into. We are also very positive on the proposed GST bill which is already late by a few years and will be really hopeful and wishing for it to come into effect at the earliest.
Corporate Comm India (CCI Newswire)
