NISHITH.TV
  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • Munich
  • New York

Locations

  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • Munich
  • New York
  • Content
  • Home
  • ABOUT US
  • NDA in the Media
  • Areas of Service
  • Research and Articles
  • Opportunities
  • Contact
  • NDACloud
  • Client Access
  • Member Access
  • Events and Calender
  • How we perform
  • Knowledge anywhere, anytime
  • See our recent deals
  • Up to date legal developments
  • Case studies in M&A

Research and Articles

HTMLPDF

  • Research at NDA
  • Research Papers
  • Research Articles
  • NDA Think Tanks
  • NDA Hotline
  • New Ali Gunjan
  • Japan Desk ジャパンデスク

NDA-Hotline


  • Capital Markets Hotline
  • Companies Act Series
  • Climate Change Related Legal Issues
  • Competition Law Hotline
  • Corpsec Hotline
  • Court Corner
  • Cross Examination
  • Deal Destination
  • Debt Funding in India Series
  • Dispute Resolution Hotline
  • Education Sector Hotline
  • FEMA Hotline
  • Financial Service Update
  • Food & Beverages Hotline
  • Funds Hotline
  • Gaming Law Wrap
  • GIFT City Express
  • Green Hotline
  • HR Law Hotline
  • iCe Hotline
  • Insolvency and Bankruptcy Hotline
  • International Trade Hotlines
  • Investment Funds: Monthly Digest
  • IP Hotline
  • IP Lab
  • Legal Update
  • Lit Corner
  • M&A Disputes Series
  • M&A Hotline
  • M&A Interactive
  • Media Hotline
  • New Publication
  • Other Hotline
  • Pharma & Healthcare Update
  • Private Client Wrap
  • Private Debt Hotline
  • Private Equity Corner
  • Real Estate Update
  • Realty Check
  • Regulatory Digest
  • Regulatory Hotline
  • Renewable Corner
  • SEZ Hotline
  • Social Sector Hotline
  • Tax Hotline
  • Technology & Tax Series
  • Technology Law Analysis
  • Telecom Hotline
  • The Startups Series
  • White Collar and Investigations Practice
  • Yes, Governance Matters.
  • Japan Desk ジャパンデスク

Tax Hotline

June 5, 2003

The State of Maharashtra introduces new sops, extends benefits to ITES sector in its New IT Policy

Since the last Information Technology ("IT") policy by the Maharashtra Government in 1998, there were demands to include the IT-enabled services ("ITES") in the IT sector, and extend benefits of the IT policy to such sector. The new IT policy, drafted with the assistance of Nasscom, which seeks to extend benefits to the ITES sector, was announced by the Maharashtra Chief Minister on June 3, 2003. The main highlights of this policy are as under:

  • Infotech firms will face lower property taxes. IT firms will now be liable to residential property tax instead of the prevailing commercial property tax;

  • No Octroi duty will be leviable on telecom equipment that is vital to the sector. Further, private developers of IT parks will also not be subject to this Octroi duty.

  • Whereas start-ups located in privately owned IT parks will be liable to pay 50% of the currently applicable stamp duty charges, start-ups located in government owned IT parks will be completely exempt from stamp duty.

  • Other facilities and exemptions, which are currently available to government owned IT parks, will now be extended to private IT parks as well.

 
 

Source: The Economic Times, June 5, 2003

Mission and Vision


Distinctly Different

What's New


AIF participation in Credit Default Swaps
Funds Hotline: January 20,2023
SEBI's Comprehensive Framework on Offer for Sale Through Stock Exchanges
Corpsec Hotline : January 20,2023

Events


Webinars

Foreign Higher Educational Institutions' Route to India: Discussing UGC's Draft Regulations
January 27,2023 - January 27,2023

Seminar

Evolution of White collar crimes and Investigations
January 31,2023 - January 31,2023

Round Table

Investing In Net Zero
July 22,2022 - July 22,2022

This event is over. For event material please click here

News Roundup


News Articles

Shareholder Activism: An ESG tool or a Founder’s curse?
October 13,2022

Quotes

Air India employees penalised with pay-cut; hopes pinned on HCTold double the market rent will be deducted from salary until they vacate AI properties
January 11,2023

Newsletters


Funds Hotline

AIF participation in Credit Default Swaps
January 20,2023

Corpsec Hotline

SEBI's Comprehensive Framework on Offer for Sale Through Stock Exchanges
January 20,2023

Dispute Resolution Hotline

A New Composite Approach: Singapore Court of Appeal settles law for determining arbitrability of disputes
January 19,2023

  • Disclaimer
  • Content
  • Feedback
  • Walkthrough
  • Subscribe
Nishith Desai Associates@2016 All rights reserved.