India biz laud govt's IT tax review
Indian government sets up committee to review taxation of country's IT sector, a move praised by companies, saying it will allay concerns of industry and investors.
Indian government sets up committee to review taxation of country's IT sector, a move praised by companies, saying it will allay concerns of industry and investors.
The development of rules governing the transfer of information between countries must be done at an international level, and not among market players, to ensure consistency and transparency.
The government owes at least US$547.6 million in service tax refunds to IT companies, with most delays lasting over 3 years, and in some cases, 9 years.
India's Department of Telecommunications to inform disgruntled foreign telcos decision to cancel 2G licenses were dealt with "as per law of land" with no discrimination.
The two countries discussed possibility of creating a working group to boost cooperation in IT, amid rising bilateral trade between India and Germany.
Country's public sector expected to increase its IT spend by 10.5 percent compared to last year, with software to lead expenses in terms of growth.
Amid a weakening export industry, India hopes to bring more certainty to its tax regime over the IT sector to attract more investments from MNCS, especially in software development.
Petition by Indian citizen to ban tower installation in residential areas, after he claims radiation led to his son's death from cancer, prompts Delhi court to seek response from government, report says.