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Government plans to extend IT benefits to telecom sector - Views on News from Equitymaster
 
 
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  • Jan 24, 2000

    Government plans to extend IT benefits to telecom sector

    The government is planning to extend the benefits granted to telecom companies under Section 80 IA. The proposal has been mooted by the Department of Telecom (DoT) in view of the slow pick up in investments in the sector.

    The benefits entitle the companies to an initial five a year tax holiday and a 30% deduction profits for a subsequent five years. The benefits are aimed at improving the attractiveness of the sector for investment purposes. The government is also contemplating a move to pass on similar benefits to Internet service providers.

    In view of the government's tight fiscal position such a move may not be well timed. However, at the same time, the government needs to improve the telecom infrastructure in the country. From this point of view, the tax benefits are essential. A well-developed telecom infrastructure is necessary to support the Internet revolution in the country.

    The government needs to widen its tax base and improve its tax to GDP ratio. This will give the government more leverage in nurturing sunrise industries like software.

     

     

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