New Delhi, March 16
Software body Nasscom today expressed its disappointment over the Budget as it has no fresh proposals for the $100 billion Indian IT-BPO sector even as the industry’s request to exempt SEZ income from Minimum Alternative Tax has been ignored.

“There is no focus on putting the economy on a high growth trajectory; fiscal deficit reduction is through higher taxation rather than expenditure management; there is no roadmap on implementation of DTC and GST; and also issues of tax simplification, litigation (faced by IT-BPO sector) have not been addressed,” Nasscom said in a statement. — PTI