tata consultancy services

The government has given more time to 20 SEZ developers, including Tata Consultancy Services and Mahindra World City, to execute their projects. At a meeting on January 14, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also Full Article

A computer software when put into a media and sold, it becomes goods like any other audio cassette or painting on canvass or book. The amount paid by the assessee towards purchase of IXOS-eCON for R/3 50 users cannot be treated as payment of royalty taxable in India under Article 12 of DTAA between India and Singapore. Therefore, the assessee, in our opinion, is not liable to deduct tax at source. Full Article

India’s biggest software exporter Tata Consultancy Services (TCS) became a victim of cyber attack on Sunday, after the company’s website was hacked and the domain name was put up for sale. While in the recent past, hackers have attacked top government websites, including telecom regulator’s trai.gov.in, this is the first time a large IT company’s website has been hacked. Full Article

India is drafting new rules to avail the services of private information technology (IT) firms for a range of government functions such as collecting taxes or issuing birth certificates, allowing transactions to be conducted electronically or through mobile phones, which are more pervasive in the country than computers. Full Article

The assessee made payments to a foreign company for purchase of ‘shrink-wrapped’/ready-made software without deduction of tax at source u/s 195 (1). The AO held that the payments were chargeable to tax in the hands of the foreign company as “royalty” u/s 9 (1) (vi) and that the assessee was liable u/s 201 for non-deduction of tax and interest thereon. Full Article

The automation drive by the country’s excise and service tax department took another step forward Wednesday with the access to online registration and filing of returns made available in the national capital and surrounding regions. ‘The main objective of the automation drive is to provide an electronic interface with the department that aims to reduce costs, the paperwork, visits to our offices,’ said Sreela Ghosh, chief commissioner of excise and service tax in t.. Full Article

The corporate affairs ministry is planning to have a single registrar of companies (RoC) in Delhi for the registration purpose of all companies in India. According to a senior corporate affairs ministry official, “There is no geographical constraint for the registration purpose of a company anywhere in India as there is no direct interface with [...] Full Article

In a move that will significantly ease the tax burden on India’s biggest information technology companies, the government has decided to amend the law relating to tax exemption for units operating out of special economic zones (SEZs). SEZs set up by IT majors like Infosys, Wipro and Tata Consultancy Services (TCS) under the parent companies [...] Full Article