Authorities Holding Public Auctions Must Disclose All Known Encumbrances and Related Litigation || SC: Compensatory Allowances Must Be Included While Computing Overtime Wages U/S 59 of Factories Act || SC: NGT Has No Jurisdiction to Decide Disputes Relating to Building Plan Violations || SC: Evidence is Often Fabricated Using AI And False Allegations are Rampant in Matrimonial Cases || SC: While Declining to Quash an FIR, A High Court Should Not Direct Police To Follow Section 41A CrPC || Allahabad High Court: Recruitment Rules Cannot Override Compassionate Appointments || Rajasthan HC: Single Blunt Blow Causing Grievous Injury is Not Attempt to Murder Without Intent || Karnataka High Court Holds Mining Leases Granted in Violation of Rule 22-D are Void Ab Initio || Supreme Court: Wait-Listed Candidates Have No Vested Right After List Expiry || SC: Reserved Candidates Scoring Above General Cut-Off Must be Considered For Open Posts

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 :