Small and mid-sized technology companies not only need tax incentives but also need a simpleto-operate tax regime with no ambiguities for the Indian IT industry to be competitive on a global scale, a panel of experts concluded at a recently-held pre-Budget debate. At The Economic Times Pre-Budget Panel Debate on Tax Holidays for Smaller IT Firms -- Do They Really Need It? held in Bangalore, KK Natarajan, Chief Executive Officer of Mindtree said, that like companies, nations need to have a vision to lead in a few areas and incentives must be aligned to the vision.
Source: Economic Times
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