Quick Summary
STPI offers 100% tax exemption on export profits, duty-free imports, and single-window clearance for software exporters. Benefits extended until March 2031.
Software Technology Parks of India (STPI) is an autonomous society under Ministry of Electronics and Information Technology (MeitY) set up to promote software exports.
Services Offered
- Statutory approval as single window agency
- Co-location/in-house facilities
- High-speed data communication
- Incubation facilities for startups
- Training and skill development
- Market intelligence and research
Tax Benefits
- 100% tax exemption on export profits under Section 10A
- Extended until March 31, 2031
- Duty-free import of capital goods
- Re-export of capital goods permitted
Registration Process
- Company must be engaged in software/ITES exports
- Apply online on STPI portal
- Submit project report and documents
- Obtain Letter of Approval (LoA)
- Commence operations within 12 months
Key Points
- 100% tax exemption on export profits
- Valid until March 2031
- Duty-free import of equipment
- Single window clearance
- Co-location facilities available
- For software and ITES companies