Google India Pvt Ltd, according to the tax office, has not offered its entire income for taxation and the profit and loss account filed by the company “does not give complete picture of the businesses”.’ Tax officers have built their argument on the basis of the contract between Google India and Google Ireland. As per this, Google India is conducting the business and obtaining revenue from Adwords programme “on its own account”. “This, according to the I-T department’s interpretation, makes Google India a separate entity that should declare its full income for tax purpose,”. For the assessment year 2008-09, the order says Google India has admitted revenue of only Rs 7.49 crore instead of showing the “correct revenue of Rs 167.32 crore. [source]
UID Set to ..Trash?
A parliamentary committee is set to reject the National Identification Authority of India Bill 2010, inflicting a severe blow to Unique Identification Authority of India chairman Nandan Nilekani and raising doubts about Prime Minister Manmohan Singh’s pet project.
The committee’s draft report giving the thumbs down to the Bill is ready and will be adopted on Thursday. Sources in the panel indicated that the decision to recommend that the government should withdraw the present Bill and bring a new one was taken “unanimously”. Even Congress members found the project “directionless”.The committee has questioned the technology used in Aadhaar. The draft report is learnt to have termed the technology as “unreliable and untested”. It has also cited the experience of foreign countries with similar schemes and said that many European nations withdrew their UID projects after opposition from the public. Noting such discrepancies, the committee has recommended that the Bill is not acceptable. [source]
Our take: This is BS.
DoT accepts BSNL’s offer to surrender its broadband wireless airwaves
The telecom department has accepted BSNL’s offer to surrender its broadband wireless airwaves in most regions of the country, a senior official said on Wednesday. After BSNL returns the airwaves, the government may go in for a fresh round of auctions to sell this spectrum,[source]