« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR «  Customs appellate tribunal in Ahmedabad... Should we bid adieu to cost audit?... » IT sector may come under tax net October, 12th 2006 The Andhra Pradesh Government is seriously contemplating bringing the information technology sector into the tax net. The Government has appointed a committee to study and suggest guidelines to tax the sector. The committee, headed by the IT secretary, Ms K. Ratnaprabha, would interact with the IT sector before submitting a report to the Government. ENDORSEMENT According to Mr Konathala Ramakrishna, Minister for Commercial Taxes, the Government move to tax the sector was vindicated by a Supreme Court judgement. Talking to reporters after a review meeting headed by the Chief Minister, Dr Y.S. Rajasekhara Reddy, here on Wednesday, Mr Ramakrishna said the phasing out of central sales tax had been deferred to April next. He said the VAT collections in the State had gone up by 32.50 per cent in the first half over the same period last year.