Cabinet approves expenditure sanction for integrated e-filing and centralized processing centre 2.0 project

New Delhi, Jan 16 (IBNS): The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to expenditure sanction of Rs.4,241.97crore for Integrated E-filing &Centralized Processing Center 2.0 Project of the Income Tax Department.

Direct Tax collections for F.Y. 2018-19 up by 14.1%: Officials

New Delhi, Jan 7 (IBNS): The provisional figures of Direct Tax collections up to December, 2018 show that gross collections are at Rs. 8.74 lakh crore which is 14.1% higher than the gross collections for the corresponding period of last year, official data released on Monday said.

Infosys Foundation to build center for handling cybercrime investigation

Kolkata / Bengaluru, Oct 3 (IBNS) IT major Infosys Foundation, the philanthropic arm of Infosys,on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with the Criminal Investigation Department (CID) of Karnataka Police and Data Security Council of India (DSCI) towards setting up the Centre for Cybercrime Investigation Training & Research (CCITR) in Bengaluru, Karnataka.

US commitment on improving IT market access big positive for India, says ASSOCHAM

New Delhi, June 28 (IBNS): ASSOCHAMon Wednesday welcomed the India-US joint statement following the meeting of Prime Minister Narendra Modi with President Donald Trump, stating the mutual commitment to increasing market access in Information Technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.

Rentals easing in IT hubs on subdued sentiment: ASSOCHAM study

New Delhi, June 28 (IBNS): With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according to an ASSOCHAM paper.

Automation to take centre-stage at this year’s Business-IT Conclave organised by The Bengal Chamber of Commerce and Industry

Kolkata, May 24 (IBNS): The Bengal Chamber of Commerce and Industry organised the eighth edition of its annual Business-IT Conclave, this year themed on “Bridging Automation And Society”, at Hyatt Regency in Kolkata.

Devise back up minimum income schemes for those losing jobs due to automation: ASSOCHAM-PwC Paper

New Delhi, Apr 30 (IBNS): With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.

Gartner says worldwide IT spending forecast to grow 1.4 percent in 2017

New Delhi, Apr 10 (IBNS): Worldwide IT spending is projected to total $3.5 trillion in 2017, a 1.4 percent increase from 2016, according to market research firm Gartner, Inc.

Verification of high value suspicious declarations made under the IDS 2016 , says govt

New Delhi, Dec 4 (IBNS): An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or asset could be made by agreeing to pay forty five percent (45%) of the declared amount as tax, surcharge and penalty.

Gartner says IT spending in the banking and securities Industry in India to reach $7.8 billion in 2017

New Delhi, Oct 28 (IBNS): IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc.