India has said it will allow US multinationals to reduce tax liability to the tune of 2% equalisation levy paid in India

When crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract a 2...

In 2020, the government had expanded the scope of the equalisation levy in a bid to tax internet giants' digital advertising revenues from ...

India gets about Rs 4,000 crore through equalisation levy on multinational tech firms like Facebook, Amazon, Apple, Google and Netflix, but...

The government broadened the scope of equalisation levy at 6%, first introduced in 2016, to include additional transactions. The definition...

ET had reported in its edition dated August 5 that Google's stance of passing on the 2% equalisation levy to all its clients, even if they ...

“In the absence of any guidelines on the treatment of crypto assets, there is ambiguity in how these would be treated under the tax laws an...

India was the first country to introduce a digital tax in the form of equalisation levy

Beginning this April, the government has introduced a 2% equalisation levy which would also be applicable. The question is whether 2% has t...

“Provisions pertaining to equalisation levy on e-commerce transactions, do not grant recourse to the tax authorities to recover taxes in ca...

Whenever “taxes or foreign exchange rates change, the company has to update prices on the App store,” Apple told its consumers on the site....

Tax experts say lack of clarity around the levy means different companies were interpreting it in a different way. Some companies are being...

While the Google tax is 6%, the actual burden could be about 7-8%, mainly due to the grossing up of taxes. Currently, it is applicable only...

Cloud computing companies and content providers may be needed to pay equalisation levy on their revenue from the next financial year.

The levy, a tax on cross-border digital transactions, will next be applied on mobile applications bought from companies such as Apple and G...

At present, equalisation levy is leviable only on payments relating to online advertisements, said C A Gupta, Partner, Deloitte Haskins and...

How do employers ensure that expatriate employees deputed to India do not pay more tax than what they would in their home country? Paresh P...