Increase in MAT disappointing for software industry: S Mahalingam, CFO, TCS

S Mahalingam, CFO & ED, TCS, in a chat with ET Now talks about the Budget and its impact on the IT industry.

For the software industry as a whole, do you think the increase in the MAT rate is a disappointment?

Obviously it is a disappointment because it has gone from 15% to 18%. So that is the cash flow impact as far as MAT is concerned. We will have to wait as to whether the DTC is going to provide for that setup in which case it is only a cash flow impact.