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STPI ends in March 2011

STPI Overview

Software Technology Parks of India was established and registered as an Autonomous Society under the Societies Registration Act 1860, under the Department of Information Technology, Ministry of Communications and Information Technology, Government of India on 5th June 1991 with an objective to implement STP Scheme, set-up and manage infrastructure facilities and provide other services like technology assessment and professional training.


Tax Holiday for STPI registered IT & ITES companied will not continue after March 2011. If this is the case then definitely it will affect small and emerging companies will have difficulties due to TAX burden. Small will be have two choices pay taxes or move to SEZ to reduce it. Definitely it will slow down IT and ITES growth in India. Indian government should rethink of tax holiday extension to small and midsized companies.


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