https://www.youtube.com/watch?v=SmMb3i9ldfE&feature=youtu.be&fbclid=IwAR29LCsEjMdEzutTSel-Ni_yy-OV-fetjDCZbS9zfJ1kN7r64gCAxiWxc4g
1. Need to sustain
competitiveness of India as Key Business destination
2. Foreign Tax Credit Provisions to be in line with business
trends and supportive to Global Indian industries
3. Boost to increase CEO confidence levels of
countries including US, UK and China
4. India to emerge as
Prime Destination for Foreign Investments
5. India to showcase
as Open Economy and Laws aligned to standards required by Global stakeholders
6. IT Industry with digital transformation is
critical to India's economy
7. Focus on Incentivizing investments
8. Enable ease of
doing business and promote growth of IT sector
9. Harness
opportunities offered by Digital Economy
10. Mainstream
Technology disruption started in 2018
Artificial intelligence
Internet of Things
Augmented Reality
Blockchain Technology
Big Data Analysis
3D printing became mainstream
cutting across industries
11. Champion Services
sector
12. Skilling of
employees/ upskilling/ reskilling investments in budget
13. Use of technology to establish economic allegiance in
country
14. Necessity of
Significant Economic Presence SEP
15. Place of
effective management provisions (POEM) without creating tax uncertainties
16. Promote market place with its just share of taxes
17. Reduction of
rates of TDS for payment to call centres from 10% to 2% for small and medium
sized software product companies
18. Tax authorities
construing Service Permanent Establishment PE of Foreign company in India by
mere secondment of employees of foreign company to India...Foreign companies
are not willing to send employees to India on deputation
19. Review income tax
provisions related to secondment of employees to India
20. GST operations and legal complexities to be addressed to
ensure ease of doing business
21. Specific concerns - determining place of supply,
blockage in working capital due to self-supplies, treatment of HO branch office
transactions, SEZ procurements require urgent resolution
22. Request Govt to
provide support towards industry and consider NASSCOM recommendations
23 Create conducive policy environment
24. Ensure voices are
heard and create climate to leverage new developments in IT industry
25. Creating secured services to operate business of
software development, software services, software products, consulting
services, BPO services, e-commerce & web services, engineering services and
animation and gaming. Acknowledge the
growth of Blockchain technology to handle cyber security issues
