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Union Budget 2021: Corporate India seeks clarity on taxes for digital businesses Technology has been at the sectoral forefront in driving India’s growth and is likely to play a major role in achieving stability after the pandemic. Ravi Mahajan January 26, 2021 14:06:23 IST Representational image. Reuters Addressing the recent CII Partnership Summit 2020, Finance Minister Nirmala Sitharaman called for inputs and the wishlist for 2021 Union Budget. Highlighting that the...

Mobile devices industry body ICEA on Wednesday sought a minimum base rate of 1.5 per cent for the electronic sector under the RoDTEP scheme to push exports. The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which allows refund of duties on exported products, has been made effective in India since January 1, 2021. However, the base rates to be applicable on various sectors and product categories are still in the works. ICEA, whose members include Apple, Foxconn and Lava, estimates that the industry will pay indirect taxes to the tune of around Rs 6,000 crore on importe...