Multiple choice

A software unit set up under the 'Software Technology Park' is allowed an exemption on exports for

  1. 1 year

  2. 3 years

  3. 5 years

  4. 10 years

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Software Technology Park (STP) units are allowed a 5-year tax exemption on export earnings. This policy was designed to promote software exports and develop India's IT industry by providing initial tax relief.