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Apparel Group’s Sima Ved and Deloitte India’s Shefali Goradia call for equal opportunity

Catch the highlights from the recently held ‘HER Leadership Execleaders 2023’ event. Know all about the speaker lineup, powerful messages, and inspiring stories that were shared at the event here

Deloitte India appoints Shefali Goradia as its Chairperson

May 04 2021, 3:23 AM May 03 2021, 9:16 PM May 04 2021, 3:23 AM Starting April 2022, overseas entities that don’t have a physical presence in India but derive significant financial benefit from Indian customers will come under the Indian tax net. The levy will impact technology giants like Facebook Inc., Google, Amazon.com Inc., Alibaba Group Holding Ltd. and other such digital companies that derive considerable value from a large user base in India.While the main legal provision was introduced i... Starting April 2022, overseas entities that don’t have a physical presence in India b...

Synopsis In cases where a local buyer and seller transact over a foreign e-commerce platform, a straight imposition of the equilisation levy on the total consideration would amount to double taxation. Mumbai: The Central Board of Direct Taxes (CBDT) may relook at the ‘equalisation levy’ for purchases where Indian businesses use overseas ecommerce platforms to sell goods and services to Indian consumers. The 2% levy paid by foreign ‘ecommerce operator’ on gross consideration attempts to address tax challenges in an increasingly digital economy. But in cases where a local buyer and sell...