tax

The latest announcement of a tax increase by the GST council on the online real money gaming industry has sent shockwaves through businesses like Dream11, MPL, Crickpe, Games24x7, and players in the industry. In fact, the move has apparently...

The widespread use of smartphones in India has affected many industries, including those that are heavily taxed by the government. Smartphones have become an indispensable tool for many people in India, and their use has led to significant changes...

Following the introduction of a 30% tax rate by the Government in the Union Budget 2002-23, cryptocurrency sales transactions will attract an additional tax deducted at source (TDS) of 1%, starting July 1, 2022. The TDS deductibility will apply to...

Nothing is going in favor of crypto enthusiasts, especially those in India. The cryptocurrency industry has been affected by India's regressive taxation policies for virtual digital assets (VDAs) since April 1. The government is now reportedly considering levying a 28%...

The shortcomings of Infosys Ltd. which is the service provider for the GSTN portal has been clearly visible via the continually persisting glitches in the GST Network (GSTN) portal. This has led to a lot of difficulty for taxpayers...

It has been reportedly found out that India is adamantly pushing for a huge change at Organisation for Economic Cooperation and Development (OECD) to impose a fair share out of the estimated $100 billion global taxes, on global multinational...

Amazon.com, Inc. (NASDAQ:AMZN) is currently valued at $800 billion - the third most valued tech firm, trailing behind only Microsoft and Apple - the two tech behemoths. Jeff Bezos, CEO and Founder - Amazon.com, toppled Bill Gates, Founder of Microsoft,...

At the end of last year, small businesses received a bit of a wake-up call from HMRC. Specifically, it was reported that HMRC collected an additional £474million in corporate tax as a result of investigations into SMEs during the...

Last week Nokia Corporation (NYSE:NOK) rocked the Indian market by stating “India has become least favorable market”. The Finnish handset maker conveyed the message to Indian government in June though; the impact is largely being visible across the industries,...

You can call it just a co-incident or probably the ill-fated post-discussion effect between Telecom minister Kapil Sibel and Google, held recently. Income Tax Department of India has imposed a notice on Google India - an Indian regulatory of Google- accusing of...