Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: TDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Indirect Tax »
 How it affects long-term capital gains tax calculations
 Should you opt for 'consultant' status to lower tax outgo?
 Income Tax department to issue ‘non-statutory’ letters in case of no reply
 E-commerce majors seek removal of tax at source on sellers
 New direct tax regime would benefit state
 Indirect tax collections increase by 16.9 per cent in January
 Tax officers to file self-appraisal report on e-assessment
 How are you saving tax this season? 10 funds saved tax & delivered 30% returns too
 Increase in taxpayer base will help bring down tax rate, says Arun Jaitley
 There is inconsistency in filing income tax, says CBDT Chairman
 Data analytics to help income tax dept catch evaders

India lost $866 mn in taxes to software piracy in FY'09: Study
June, 01st 2011

Indian government may have lost as much as $866 mn in taxes to software piracy in 2009, a study said today.

With software piracy rate at 65 per cent (more than six out of 10 computer software installed were not paid for) in 2009, the exchequer tax receipts loss was about $ 866 mn in net taxes, both indirect and direct, a joint study by BSA- IDC said.

"Software piracy is a unique crime as most of illegal and unlicensed usage of software occurs in otherwise legal and legitimate businesses, depriving government of legitimate taxes from software sales and distribution," IDC Asia/Pacific Research Manager (AP Consulting) Harish Taori told reporters here.

Business Software Alliance (BSA) is a software industry body working in 80 countries to expand software markets. Its members include Adobe, Apple, HP India, Microsoft and Symantec among others. IDC is a global IT research firm.

According to the study, indirect tax receipts from software sales would have contributed $ 553 mn, while services-related business transactions and direct tax receipts would be around $ 313 mn in 2009.

The study found that in 2010, IT companies paid nearly $ 3.04 bn to state exchequer in tax. By 2014, the tax receipt is expected to grow to $ 5.7 bn with IT spending expected to grow at a CAGR of 15 per cent until 2014.

According to IDC estimates, losses of over $ 2.27 bn was caused in 2009 on account of unlicensed software sold in India in 2009 (with piracy of packaged software at 65 per cent).

The total impact in 2009 would then come to about $ 3.13 bn for 2009, BSA India Committee Chair Keshav S Dhakad said.

"High rates of piracy in India results in a lot of value erosion, which in turn affects the entire value chain from distributors to traders to resellers and hampers job creation in the areas of sales, marketing, distribution, maintenance, development etc," Dhakad said.

He added that there was an urgent need to facilitate the creation of a strong intellectual property compliance and accounting governance model in companies to account for usage of genuine and licensed software as part of their internal and external audits.

The study said that if PC software piracy is curtailed by five per cent in 2011, the incremental potential industry revenues or the GDP contributions could be $ 790 mn, tax revenue could be $ 95 mn and 26,108 new high-skilled jobs could be created.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions