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It is the specific ask of the industry that specific guidelines be issued by the government that clearly lay down contours for carrying out business by both e-commerce and brick and mortar world.
Collection from the levy grew 150% after the second quarter installment payment on October 7 at Rs 1,618 crore compared to Rs 647 crore during the same time last year, data accessed by BusinessToday showed.
The government on Sunday extended the deadline for various compliances under the income tax law and availing relief under the GST law to help taxpayers tide over difficulties in filing such forms.
India extends e-filing due dates for specific forms under Income Tax Act, 1961. We list the forms affected and new tax reporting deadlines.
What is Google Tax by India that riles US and UK? © Shubhashish What is Google Tax by India that riles US and UK? The so-called Google Tax by India, officially known as the Equalization Levy, repeatedly makes headlines. India charges all non-resident entities up to 2 percent on their earnings from digital businesses based in India or those who target its consumer market. Originally introduced in 2016 for untaxed foreign tech majors profiting in India, it has been expanded since April 2020. Now, offshore e-commerce firms selling through an Indian arm are exempted. But the US, European Union...