Tax Holiday for Hotel & Hospitals, what about STPI extention, Sofware Export units?
5 year tax holiday to 2, 3 & 4 star hotels in UNESCO declared heritage site areas 5 year tax holiday for hospitals especially in tier 2 and tier 3 cities
Why Silent for STPI, Sofware Export units?
The STPI scheme which is set to expire in 2009, provides a 10-year income tax exemption for units situated in software technology parks.
“We have sought a blanket continuation,’ said Lakshmi Narayanan, chairman of National Association of Software and Service Companies.
With STPI scheme coming to an end in March 2009, investors could avoid India as an offshore destination, opting instead for places like China, Sri Lanka and Philippines, BPIAI (Business Process Industry Association of India (BPIAI). ) president Samir Chopra said.