(a) whether the export-oriented firms set up in Government run software Technology Parks, are enjoying the tax-free status;
(b) if so, whether this tax-free status to such firms is adversely affecting the commercial viability of Private sector industry;
(c) whether the Government has plans for mitigating the effect of global recession in this prime market of information technology; and
(d) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a): Export Oriented firms set up in Government run Software Technology Parks are enjoying
the tax benefits under Section 10 A of the Income Tax Act,1961. These benefits are applicable
upto 31-03-2011.
(b): No, Sir.
(c) & (d): The Government of India had recently set up a Task Force to suggest measures to
stimulate the growth of IT-ITES and Electronics Hardware Manufacturing Industry in the country
in the backdrop of significant challenges faced by the IT industry owing to the global recession.
The Government has constituted a Committee of Secretaries (COS) for facilitating examination of
the recommendations made by the Task Force.