Sec. 199 generally provides for an extra deduction of 9% of the income from certain production activities, in addition to the otherwise allowable deduction for production costs. The activities that ...

This article is the third installment in a series on Data Rights in Federal Contracts. We first wrote about what data rights were; then about technical data and how to protect it; and now we will ...

(2) The ever-increasing complexity of software. Modern operating systems and applications are huge in size compared to software in personal computers in the late 1970s and early 1980s. They are ...

With digital data being stored in varieties of devices, the Finance Ministry will be widening the definition of the ‘computer system’ under the new Income Tax Bill 2025 and the Central Board of Direct ...