Information Technology Act, 2000 was enacted on 17th May, 2000 to provide legal recognition for electronic transactions and facilitate E-Commerce. It was later amended by passing Information Technology (Amendment) Act, 2008.

The following are the important objectives of Information Technology Act, 2000 :

• Grant legal recognition to E-Transactions
• Provide legal recognition to Digital Signatures for authentication
• Facilitate E-Filing of data and information
• Allow Electronic storage of data
• Grant recognition to maintenance of books of accounts in Electronic Form