Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy || NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required || NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes || Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction || Delhi High Court: Software Receipts Not Taxable on PE Basis Already Rejected by ITAT || Delhi High Court: Statutory Appeals Cannot Be Denied Due to DRAT Vacancies or Administrative Delays || J&K&L HC: Failure to Frame Limitation Issue Not Fatal; Courts May Examine Limitation Suo Motu || Bombay HC: Preventing Feeding Stray Dogs at Society or Bus Stop is Not 'Wrongful Restraint' || Gujarat HC: Not All Injuries Reduce Earning Capacity; Functional Disability Must Be Assessed || Delhi HC: Framing of Charges is Interlocutory and Not Appealable under Section 21 of NIA Act

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 :