The vested interests of the ruling government has gotten worse when it comes to SEZs. Two things that will push the Indian IT & ITeS companies to begin fresh operations in SEZs are imposition of Service Tax on Commercial Rental Properties and Non-extension of STPI and other software export benefits to IT companies beyond 2009. This will lead to a big demand for space in SEZs said, Chandra of Unitech.
Also the biased Finance Minister has gone on a Tax holiday for construction of Hotels and Convention centers in Delhi and NCR. But be careful, Indian Finance Ministers are so bad that they will impose tax in retrospective as they have done for pure construction companies.
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