Delhi HC: MYAS Not Bound to ‘Rubber-Stamp’ International Federation Choices || AP HC: Fulfilling Rehabilitation Promises to Displaced is State’s Constitutional Obligation || SC: Career Progression to Higher Echelons of Judiciary is Neither a Matter of Right Nor Entitlement || Provisions of Tribunal Reforms Act 2022 Struck Down as Unconstitutional || Madras HC: Repeated Remand Orders U/S 37 A&C Act are Unworkable Without Reversing Merits || Delhi High Court: Unproven Immoral Conduct of a Parent Cannot Influence Child Custody Decisions || Delhi High Court: Counsel Cannot Treat Passovers or Adjournments as an Automatic Right || Delhi HC: Landlord’s Rent Control Act Rights Cannot be Waived by Contract With Tenant || Bom HC: Arbitrator Who Halts Proceedings over Unpaid Revised Fees Effectively Withdraws From Office || SC Holds That if Some Offences Are Quashed On Compromise, The FIR Cannot Continue For Others

Taxation Report on e-commerce business models suggests levy- (Ministry of Finance ) (21 Mar 2016)

MANU/PIBU/0340/2016

Direct Taxation

A Committee constituted by the Central Board of Direct Taxes to examine direct tax issues arising out of prevalent e-commerce business models released its report. It proposes an ‘Equalisation Levy’ be imposed on certain digital services and facilities including online marketing and advertising and cloud computing. The levy will be imposed on payments exceeding Rs. 1 lakh by a person resident in India, charged at between six and eight per cent. However, income arising from such levy will be exempt from income tax. The Committee was comprised of representatives from industry, ICAI and tax experts.

Tags : E-COMMERCE DIRECT TAX REPORT

Share :