“I expect the budget to relook at perquisite taxation on ESOPs (Employee Stock Ownership Plans) since ideally gains on share sales should get taxed only when they are sold. The FM should relook at the MAT (Minimum Alternative Tax) rates since the current rate of 15% is quite steep. To preserve India’s competitive edge globally and for a long-term continuation of its leadership in the global IT market space, the government should not cease tax holiday extensions for units in STP areas by 2011.“Mr. Amar Chintopanth
Executive Director and Chief Financial Officer
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Mr. Chintopanth oversees the finance, accounts, planning, and MIS functions of the company and its subsidiaries. He is a Chartered Accountant with several years of rich and varied experience in banking, treasury, accounts, MIS, audit, lease, hire purchase, and regulatory issues. He has been actively involved in areas of mergers, corporate planning, transfer pricing policies, US GAAP and dealing with the Reserve Bank of India and the Software Technology Parks of India.Before joining 3i Infotech, he was Vice President - Finance at Polaris Software Lab Ltd. He has also been associated with various companies like ITC Classic Finance, AF Ferguson and Masterstrips.
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