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Budget...hard on software? Wednesday, February 28, 2001

Well....it is that time of the year again, when The Finance Minister makes his ritual presentation of the annual budget. Our sources, however claim that it might not be all rosy for the software sector. Although, positives in the form of anomalies in the various sections of the Income Tax Act (Sec 10A/10B and 80G for instance) is expected, the incidence of higher taxes on software income is hanging like Damocles sword. And... is the gloomy picture reflected in the present thrashing of software stocks? Perhaps only time will tell.

 

This site is dedicated to our friend Younus M, who passed away on 28th Sept 00, and left on us an indelible memories ! - Team GujaratPlus.com

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