The STPI is likely
to get extension, as is being debated by
most stake holders. However, given our understanding
of government policies, the extension may
be conditional. For example, units under
STP having already enjoyed tax exemption
for period of 10 years may not be covered
under extension and there may be conditions
of export turnover to safe guard small and
medium exporters under STP scheme etc. Government
may also provide some kind of level playing
field in a manner that STPI scheme keeps
it relevance integrated with SEZ scheme.
many things will be clear by the beginning
of financial year 2007-2008.
Whatever the case may be SEZs is a fresh
scheme and all those companies who
are sitting on the verge of having utilized
their STPI tax holiday may have
to plan for extending the advantage by going
in to SEZs. Why are these big players [Infosys,
Wipro, Satyam, TCS etc] setting up SEZs?
Clearly to extend an Tax holiday for them
. So, if you are a growing company and have
done more than 5 years in STPI scheme, it
is time you should think of setting up and
unit in SEZ. Reach us at info@excelict.com
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