Quote from Mr. Ravi Raj, Brand Head, Director Sales & Support at Netrack on Pre-Budget expectations:
Most of the IT companies have transactions in terms of “$” with their associated enterprises. Frequently there are issues with the tax authorities on the transfer services and double taxation on the products. G overnment must leverage IT to modernize tax administration and change in tax rates. The government has to give priority to infrastructure, agriculture (farmers to be supported well), right invest on IT modernization and infrastructure, social sector = Strict – GO green policy, exchange rates, investment and foreign trade to be stream lined, manufacturing and domestic trade sector need to be supported well to have good GDP. With the population of about 1.27 billion, government has to concentrate on more jobs and good education system along with medical support to public.