- MAT credit carry forward for 10years for set off against normal tax liability in the current IT act, be retained in DTC as well.- Extend tax holiday for STPI units for another year, we do not want to prematurely abort recovery from 2008 meltdown. This also helps us to be competitive with other emerging IT/ITES service providing countries for small companies while we work through the transition.
- Service tax refund for 100% EOU should be made simple and transparent or service tax should be abolished.
- STPI to SEZ movement should be made simpler. We should have the ability for small companies to move into SEZs with current staff and CAPEX.
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