Ernst & Young analyses the impact of Budget 2011 on BS 200 companies
3I INFOTECH
Surcharge reduced to 5%
- Tax on dividend from foreign subsidiaries reduced to 15%
- Excise duty @ 5% levied on specified IT products
- Exemption from ACD on consideration for transfer of right to use packaged or canned software
No extension of tax holiday available to STP units.
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