Indian IT & BPO companies fret as the expiration of income tax holiday period nears 2009.
The Indian IT / ITES, BPO & Software companies in India argues that Indian Government must extend the STPI scheme as the Indian IT and BPO companies compete with the Chinese and Philippine companies, enjoying a 10-year tax holidays. Thus, the future of profitability of Software Development, India companies depends on the extension of tax holiday.