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TAX EQUALISATION AGREEMENT
Sunil Bharti Mittal to hand over Airtel to his children in 10 yrs, desires Bharti Telecom regains 51% stake in coTelecom leader Sunil Bharti Mittal intends to pass on Bharti Airtel's leadership to his children in the next ten years. He also aims for pr...
India proposes to remove 6% Google tax from April 1, a day before Trump's retaliatory tariffs come into effectIndia plans to remove the 6% equalisation levy on online advertisement services from April 1 to likely placate US President Trump amidst on...
India, US extend digital tax on e-commerce supplies till June 30Officials said while this would take care of the taxation issue for the first quarter, a final guideline for the second quarter onwards wil...
India, US reach settlement on 2% equalisation levyIndia will continue to impose the levy March 31, 2024, or till the implementation of Pillar 1 of the OECD agreement on taxing MNCs.
Multinationals want clarity on scope of equalisation levy after OECD dealIn 2020, the government had expanded the scope of the equalisation levy in a bid to tax internet giants' digital advertising revenues from ...
Proposed global tax regime will benefit India: Pascal Saint-Amans, director-tax, OECDEarlier this month, 130 countries and jurisdictions signed an agreement to reform international tax rules and ensure that multinational ent...
India to strive for higher share of MNC digital taxIndia on Friday joined 130 countries in the G20-OECD inclusive framework to reform international tax rules to create a new global tax regim...
Govt may examine issues arising from equalisation levy on intra-group transactions“All these issues can be examined by the government,” said Kamlesh Varshney, joint secretary said at CII post-budget event on Friday, while...
India-US trade deal on track, niggles almost sorted: Commerce secretaryIndia and the US have been trying to thrash out a trade package with limited scope, with the long-term aim of a free trade agreement, amid ...
ET Analysis: Google India paid Rs 604 crore equalisation levy in FY20In India, a 6% equalisation tax is levied on gross payments received by global digital companies from Indian residents for online advertisi...
High Court ruling: No equalisation levy for Mastercard Asia Pacific Ltd in IndiaThe revenue department submitted before the court that it would go by the Delhi Authority of Advance Ruling (AAR) order, in a separate case...
MasterCard moves Delhi HC seeking a stay on payment of equalisation levy on digital transactionsThe company referred to Section 165A (2) (i) of the Income Tax Act, which states that the levy is not payable when a permanent establishmen...
Google tax mop-up reaches Rs 2,600 cr since India began levying equalisation tax in 2016The collections have increased from Rs 338 crore in 2016-17, the first year since the so-called Google tax of 6% was introduced, to Rs 589 ...
India calls for equalisation levy on digital transactionsIndia has made a strong case for the imposition of equalisation levy on digital transactions, relying upon a ruling by the American Supreme...
2% equalisation levy on non-resident e-commerce cos non-discriminatory: India to USIn a six-page written submission to the United States Trade Representative (USTR), India said the levy is applicable only for companies wit...
India to push for totalisation pact with US next weekThe dialogue will be chaired by commerce and industry minister Piyush Goyal and US Secretary of Commerce Wilbur Ross. India has been pushin...
US launch investigations on India’s equalisation levy, other taxes levied on global digital majorsCurrently, India levies 6% tax in the form of equalisation levy on digital companies advertising revenue.
Google India tax row: $2 billion remittance in 5 years may add to tech giant's loadGoogle India has remitted Rs 16,119.6 crore — all of it earned in India — to Ireland and Singapore.
Tax dispute resolution scheme to take effect from tomorrowThe scheme provides an opportunity for settlement of cases emanating from retrospective amendment of tax laws, by asking companies to pay t...
‘Hypothetical Tax deductible from salary income in India’High Court, upholding the Income-tax Appellate Tribunal order, ruled that only the incremental tax borne by employer should be brought to t...