STPI: More Relevant than Ever Before
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE With the economic uncertainties looming large, STPI (Software Technology Parks of India) scheme, which is a 100 per cent Export Oriented Unit scheme with tax benefits under the Income Tax Act and with facilities such as single-window clearance, has once again come to the forefront of conscious attention. Some state governments including West Bengal are pitching for the revival of the STPI scheme which ended March 2011. IT firms were offered Income Tax as well as local tax exemption for setting up units under the STPI scheme.Established in 1991 and registered as an Autonomous Society under the Department of Information Technology, Ministry of Communications and Information Technology STPI has commendable job in increasing exports, employment and investment for the software sector. STPI was set-up to implement the STP Scheme and to promote software exports by providing infrastructure facilities including High Speed Data Commu...