« Top Headlines » Open DEMAT Account in 24 hrs  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025  15 income tax rule changes in 2024 that will impact your ITR filing in 2025 «  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.