Friday, February 29, 2008

Packaged Software to cost even more in India

From: http://specials.rediff.com/money/2008/feb/29prices11.htm
.... the Budget 2008-2009 has not been favourable for the software industry. During his Budget proposals in the Lok Sabha on Friday, Finance Minister P Chidambaram proposed raising the excise duty on packaged software from 8 per cent to 12 per cent. The finance minister took this step to bring packaged software on par with customised software.
Domestic Software makers (Tally, Quickheal etc) will benefit from this announcement as imported packaged software will become more expensive. Open Source software might also get benefited in terms of consumption .... 

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