Business Standard

Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India

Modi government plans to bring companies that derive revenues from Indian users but pay taxes elsewhere into the corporate tax net

Facebook, Google
Web Exclusive Premium

Sai Manish New Delhi
With many nations across the world planning to tax digital companies that derive significant revenues from their citizens but pay taxes elsewhere, the Modi government is laying the ground for India’s own digital tax. Amendments to Section 9 of the Income Tax Act introduced in the Finance Bill, 2018, which came into effect from April 1 this year, could result in the biggest technology companies of the world operating in India coughing up more taxes than they do currently.. In addition, the Modi 2.0 Cabinet has also ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 27 2019 | 12:59 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com