« Top Headlines » Open DEMAT Account in 24 hrs  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025  15 income tax rule changes in 2024 that will impact your ITR filing in 2025 «  Delhi waives luxury tax for PBD delegates... I-T to tighten TDS norms for non-salaried... » Govt likely to extend tax incentives to STPI till '09 October, 11th 2006 Tax incentives under the Software Technology Parks of India (STPI) may be extended beyond 09. We understand that STPI acts like an umbrella which is essential for the growth of IT SMEs. So we are taking it up for extension and a decision will be announced well before the industry expects, said MM Nambiar, additional secretary, ministry of communications and information technology during a visit to the city on Monday. The growth of revenues in the IT/ITeS has come significantly from the small start-ups. So we do support their interest. But, to gain acceptance from the other ministries the department has been working on details to justify the extension, says Mr Nambiar. The industry players since long have been demanding extension of the tax incentives under the STPI scheme beyond 09. The 10-year tax-holiday ends in 09. It is difficult to chalk out our future plans if the STPI incentives are not extended. We will have no option but to set up centres in SEZs, says Niraj Gemawat of Gateway TechnoLabs. While there is no clarity among the industry players, many of the small and medium units are already considering setting up centres in the upcoming special economic zones (SEZs).