Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses || Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out || Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease || Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory || NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors || NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date || 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

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 :