Information Technology

Shri Kapil Sibal, the Minister of Communications and Information Technology released the Draft National Policy on Information Technology, 2011 here today. Speaking on the occasion, Shri Sibal said that Information Technology is a key driver of an increasingly knowledge based global economy, and given its current global position in the IT and ITES sector, India is well positioned to enhance and leverage its existing IT capabilities for a leadership role. Full Article

Under flak for the new Internet rules which are being interpreted as an attack on privacy of a user, the government while clarifying the rules questioned the why critics were silent when the draft rules were opened for public opinion. R Chandrashekhar, Secretary in the Department of Information Technology, in an interaction with PTI said views from all stakeholders were taken and the best practices prevalent globally were incorporated in the new rules. Full Article

Though the Goods and Services Tax (GST) bill has been tabled in the Lok Sabha, the Gujarat government today said in the state Assembly that it was not ready to implement it. Minister of State for Industries, Saurabh Patel, told the House that state government was not prepared to implement GST as it would take away state's autonomy in taxation and inflict revenue-loss of over Rs 3,000 crore. Full Article

The award under different categories is conferred on the basis of evaluation administered by ICAI's committee for the degree of compliance with the accounting standards, statutory guidelines and other relevant pronouncements which also include governance. Full Article

Revision in Course Fee for (a) SAP Financials - Financial Accounting and (b) SAP Financials - Management Accounting. M/s. SAP India Pvt. Ltd. has revised its course fee for (a) SAP Financials - Financial Accounting and (b) SAP Financials - Management Accounting courses from Rs.1,20,000/- (plus applicable taxes) to Rs.1,40,000/- (plus applicable taxes) with effect from January 1, 2010 respectively. Full Article

An Information Technology (IT) Education and Multilevel Marketing group has surrendered undisclosed income of more than Rs 35 crore, before the Income Tax Department for taxation. The disclosure, biggest ever in Rajasthan, was made during the course of raids and survey conducted by the departmental sleuths at the group premises here and in Jhunjhunu town. Full Article

Section 10B of the Income-tax Act, 1961 - Export oriented undertaking - Assessment year 2003-04 - Assessee-company was engaged in business of contract research and in providing of laboratory facility to its parent company in USA - It had claimed exemption under section 10B - Assessing Officer observed that assessee was not manufacturing or exporting anything, as it was simply providing services of laboratory Full Article

Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Saturday the November 08, 2008. Last Date for Online Form Submission is October 29, 2008 . Full Article