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Govt widens its scope to tax foreign companies in a digital economy

Govt widens its scope to tax foreign companies in a digital economy
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India has introduced equalisation levy via the backdoor, by widening the widened the provisions of its Income-tax laws. The proposals in the Finance Bill, 2018, will enable Indian tax authorities to tax the profits of a foreign company, even if it has no physical presence, such as an office, employees or dependent agents in India.

Read the full story at https://timesofindia.indiatimes.com/business/india-business/govt-widens-its-scope-to-tax-foreign-companies-in-a-digital-economy/articleshow/62752956.cmsp

Source: Times of India

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