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STPI Registration
STPI stands for Software Technology Parks of India. It's a government initiative that provides various benefits and facilities to IT and IT-enabled services (ITES) companies in India. Here's a breakdown of key details regarding STPI registration:
Benefits of STPI Registration:
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Tax Exemptions: Income tax exemption on profits for up to 50 years (conditions apply).T
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Duty Exemptions: Exemption from customs duty on import of capital equipment.
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Concessional Rates: Lower lease rentals for office space and bandwidth.
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Single Window Clearance: Facilitates obtaining various clearances from government agencies.
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Infrastructure Support: Access to high-speed internet connectivity and incubation facilities.
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