The most vexing issue is the slew of taxes that the government wants to extract in advance, said Harish Mehta, Chairman, Onward Technologies to Dataquest at Nasscom's Leadeship Forum, 2013.
We asked him what his outlook was on India's software industry of 2013. He said that he was concerned about the hurdles to entrepreneurship, especially at a time when the time was ripe for entrepreneurship to flourish. He says, "These taxes are enough to nip the entrepreneurial spirit in the bud."
Nasscom recognizes the problem or the issue but a workable solution is yet to be arrived at. Harishbhai asserts that this would require a special consideration or an out-of-the-box solution similar to what N.VIttal came up with when he set up the STP scheme with 64 kbps link to promote software exports.
A simplification of the tax structure is imperativeto promote entrepreneurship. Harishbhai also invitessuggestions from software companies, consultants,media, and all walks to resolve this issue.
Harishbhai, as he is popularly known within the industry, has been Nasscom chairman in the past and he has led numerous initiatives to advance the interests of India's software industry. Harishbhai is also the classic first-generation global Indian technology entrepreneur.