Software Technology Parks of India (STPI) were introduced in 1999 with a purpose to provide a boost to the Indian IT Industry which was at a nascent stage at that time. The major benefits that companies located in these STPI zones would get are their revenues earned from exporting their softwares will not be taxed. These softwares include writing codes/computers of the US,UK based companies. Earlier the scheme was supposed to expire in March 2009.
Indian Finance Minister P Chidambaram on April…
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Posted on April 30, 2008 at 9:41am —
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