IT Act News

FM Sitharaman had first announced a comprehensive review of the Income-tax Act, 1961 in July 2024 Budget.

Deepfakes could be subject to action under the current IT Rules, particularly Rule 3(1)(b), which mandates the removal of 12 types of content within 24 hours of receiving user complaints, said Minister of State for Electronics and IT Rajeev Chandrasekhar.

PM Modi's remarks came days after a deep fake video of actress Rashmika Mandana went viral on social media. 

MoS Rajeev Chandrasekhar said  IT Act will be soon replaced by a combination of the Digital India Act, Digital Personal Data Protection Bill and, if required, a legislation for cybersecurity or amendments of the criminal penal code to reflect the cybersecurity challenges.

The action behind the move is based on several complaints of extortion and harassment of common people who had availed small amounts of loans through the mobile apps being run by those entities and persons.

To help achieve the aim of ensuring an Open, Safe and Trusted and Accountable Internet, the Central Government has also made the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (IT Rules), under the Information Technology Act, 2000 (IT Act).

The man was asked to pay Rs 38,200 for creating his profile online and allegedly made to pay a total sum of Rs 6,33,626 on some pretext or the other. No arrests have been made so far by Maharashtra Police

As per media reports, the victim took a loan of Rs 7,000 and while submitting his documents for the loan, he granted access to the contact list on his phone to the lenders, which was reportedly later used by the fraudsters.

The apps against whom the adverse security inputs were generated include Sweet Selfie HD, Beauty Camera, Music Player, Music Plus, Volume Booster, Video Players Media all formats, Viva Video Editor, Nice Video Baidu, AppLock and Astracraft, among others, the sources said.

8 out of 60 apps prevailing in India are Chinese operated and they have reached a whopping figure of 211 million every month. Last year, the government of India had banned 256 Chinese apps using provisions of Section 69A under the IT Act. These apps include TikTok, PUBG, Helo, UC Browser, Likee, Shareit, WeChat, Mi Community and more.

Earlier this month, the Centre issued a notice to Twitter giving it one last chance to "immediately" comply with the new IT rules and warned that failure to adhere to the norms will lead to the platform losing exemption from liability under the IT Act. Twitter India's public policy manager Shagufta Kamran and legal counsel Ayushi Kapoor deposed before the panel on Friday. Twitter and the Centre have been at loggerheads over several issues for the last few months.

Savings account is the most traditional form of investment in banking and other form of financial system, as it provides guaranteed return and security.

Over 50,300 cyber security incidents like phishing, website intrusions and defacements, virus and denial of service attacks were observed in the country during 2016, Parliament was informed today.

Finance Minister Arun Jaitley, on Monday, tabled the Income Tax Amendment Bill in the Lok Sabha amid chaos and protests in a bid to corner the ruling BJP government on the issue of demonetisation. The IT Amendment Bill proposes proposes 30% tax on undisclosed income plus 10% penalty on the unaccounted wealth.  

Nadeem Nambardar made some objectionable comments against the Olympic bronze medallist and her religion.

A high level panel on simplification of income tax laws on Monday recommended raising the threshold limits for deduction of tax at source (TDS) as also slashing the rate of withholding tax.

TDS rates for interest income and commission need to be rationalized, the committee suggested that these should be halved to 5 percent.

Internet freedom has "improved" in India in the last one year due to the Supreme Court's landmark ruling on the IT Act, a US-based independent watchdog has said which placed the world's largest democratic country under "partly free" category.

In a pre-Budget submission to the Finance Ministry, Assocham on Tuesday sought a taxation friendly environment for the startups saying they should be freed from restrictions on shareholding pattern as budding entrepreneurs require fund infusion during the initial phase.

Finance Ministry Thursday said the decision to exempt foreign companies which do not have a permanent establishment from payment of MAT will boost investor confidence.