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: VAT Audit :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd
 
 
« News Headlines »
 10 most important income-tax changes which will apply from April 1
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns

Planning Ministry to back extension of tax sops
September, 09th 2010

The Planning Ministry will support extension of tax sops to the IT industry and work towards avoiding harsh impact of the Direct Tax Code, Union Minister of State for Planning and Parliamentary Affairs Narayanasamy said here on Wednesday.

Addressing reporters on the sidelines of the 10th edition of Connect 2010,' a flagship annual ICT event of the State government, Confederation of Indian Industry and IT Ministry, Mr. Narayanasamy said he would take up both issues with Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee.

As a person looking after the IT sector in the Planning Commission, I will be your ambassador in protecting the interests of the IT industry, he said.

Earlier, addressing IT leaders, Mr. Narayanasamy sought the support of the CII and NASSCOM in convincing the government that the existing tax benefits due to lapse in 2011 should be continued to pave the way for further growth of the economy.

The Minister urged the IT industry to connect the disconnected, by reaching out to Tier II and III cities. The Centre was keen to provide incentives for companies that were willing to go to smaller towns and rural areas.

He also wanted the IT sector to invest in hardware development and R&D.

The government was examining the recommendations of the Ajai Chowdhry IT Hardware Task Force.

In a special address, Jung-Chiou Hwang, Vice-Minister of the Ministry of Economic Affairs, Taiwan, made out a strong case for synergising India's software power and Taiwan's hardware prowess.

Taiwan, with a total ICT output of about $ 300 billion, is the world's leading player in about 37 product categories, and world leader in 10 ICT product categories such as notebooks, net books, LCD monitors, and mother boards, he pointed out.

P.W.C. Davidar, State IT Secretary, said the government was set to launch an employment exchange portal on September 15, as part of various ongoing e-governance initiatives.

S. Gopalakrishnan, chairman, Southern Region, CII, called for harnessing IT to benefit industry, society, and the common man. The ICT should play a central role in ensuring economic sustainability as well as promoting environmental and social sustainability, both as an industry and as a key element of enabling infrastructure.

S. Mahalingam, chairman, Connect 2010, said the event focussed on next practices and forming natural clusters by integrating sectors such as automobile, engineering & manufacturing, healthcare, and entertainment with IT.

Nandini Rangaswamy, chairperson, CII- Tamil Nadu, said the CII sought to condense the outcomes of various Connect editions to construct an ICT vision for the next 10 years.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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