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The First one Giga byte hard disk drive was built by IBM in 1980. It was about the size of a refrigerator, weighed about 250 kg and costs about USD40,000. Today an external hard drive of more than a thousand times the same capacity can be bought for less than 1% of the price. This revolution in data storage and in Information technology has brought drastic changes in the ways businesses are conducted. Due to these changes, the legislature has been forced to act and change regulations,The First one Giga byte hard disk drive was built by IBM in 1980. It was about the size of a refrigerator, weighed about 250 kg and costs about USD40,000. Today an external hard drive of more than a thousand times the same capacity can be bought for less than 1% of the price. This revolution in data storage and in Information technology has brought drastic changes in the ways businesses are conducted. Due to these changes, the legislature has been forced to act and change regulations,taxmann.com Latest ArticlesRead More