Category Archives: Business

Income Tax department proposes new standards for taxing MNCs in India

Income Tax department proposes new standards for taxing MNCs in India

The income tax department on Thursday suggests changing the strategies to taxing multinational companies (MNCs), this also includes digital firms which give weightage to the factors like employee strength, domestic sales, assets and user base, and, with these factors, these firms would have a permanent establishment (PE) in India. The CBDT Committee on ‘Profit Attribution […]

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