Atal Bihari Bhanja,
FCA,
DITL (ICAI)
IT industry being the growth driver has got several benefits in the First Budget of Modi Government. Some of them are; Advance Rulings provisions covered domestic tax payers. Raising FDI Cap to 49% in Defense and Insurance sectors. Digital India Programme: Rs. 500 crore fund for E-Kranti and Rs. 100 crore fund for Good Governance in the rural sector.VC Fund in the MSME sector with corpus of Rs. 10,000 crores for start-up companies. Exemption of all inputs/components used in the manufacture of personal computers from 4% SAD.Cenvat credit allowed if paid service tax amount only mentioned in the invoice.
