In India, 10 Million new internet users were added every
month in the year 2018. It was also found that 90% of the
new internet users preferred regional language.
Introduced in the Finance Act 2016, an “equalisation levy” at the rate of 6% (on the nonresident companies indulged in the digital advertisement space) sought to address the tax-related challenges by the growing digitization of the Indian economy. Effective from 1 April 2020, the scope has been widened to cover the levy of 2% on… Continue reading Digital Tax in India: 2% Equalisation levy
Interventions by the Indian government in the following subjects may help benefit the business amid Coronavirus: