Budget proposal on tax holiday to give big boost to domestic data centres. Here’s why
NEW DELHI: Domestic data centre companies are likely to benefit significantly from the Budget proposal offering a tax holiday of 20 years, as it will enable them to provide services to global clients without the risk of their foreign earnings being taxed in India, sources said.
The Budget proposal, which offers a tax holiday of 20 years up to 2047 to any foreign company that procures data centre services in India, allays fears of their global income being taxed by Indian authorities.
