<h1>PM Forms Committee to Review IT Sector Taxation and Finalize Safe Harbour Provisions by 2012 End.</h1> The Prime Minister has established a committee to review the taxation of Development Centres and finalize Safe Harbour provisions for the IT sector. This committee, comprising experts from the Income Tax Department, will consult with stakeholders and government departments to address tax issues affecting the IT industry. The focus is on providing clarity and predictability in taxation to attract investment and promote India as a hub for Development Centres. The committee aims to finalize its recommendations on taxation and Safe Harbour provisions by the end of 2012, with a staggered approach to sector-specific guidelines.