Digital Tax

The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...

India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday.

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

The Karnataka government will embark on an ambitious project of digitising property tax records of all 20 lakh properties in Bengaluru and issue digital e-Khata (legal document issued to property owners) from fiscal year 2024-25.

Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...

Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...

Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.

Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.

Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

Xbox Game Pass memberships are finally available to buy at retail. Digital codes for Xbox Game Pass Ultimate and PC Game Pass are now up for purchase from Amazon at MRP, granting access to hundreds of games, an EA Play membership, cloud gaming, and an Xbox Live Gold subscription for online multiplayer. Xbox Game Pass Ultimate is available at Rs. 49...

A levy imposed by Britain on the revenues of big tech companies such as Google, Facebook and Amazon in 2020 as a stopgap measure pending an international tax agreement risks becoming permanent, a group of tax experts said on Wednesday.

Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).

The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.

The income tax officials left the offices of the BBC in New Delhi and Mumbai on Thursday night after a three-day survey which involved going through files and cloning data from some digital devices.

The income tax "survey" at the BBC's Delhi and Mumbai offices ended tonight after nearly three days of officials going through digital records and files.

The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...

India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday.

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

The Karnataka government will embark on an ambitious project of digitising property tax records of all 20 lakh properties in Bengaluru and issue digital e-Khata (legal document issued to property owners) from fiscal year 2024-25.

Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...

Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...

Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.

Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.

Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

Xbox Game Pass memberships are finally available to buy at retail. Digital codes for Xbox Game Pass Ultimate and PC Game Pass are now up for purchase from Amazon at MRP, granting access to hundreds of games, an EA Play membership, cloud gaming, and an Xbox Live Gold subscription for online multiplayer. Xbox Game Pass Ultimate is available at Rs. 49...

A levy imposed by Britain on the revenues of big tech companies such as Google, Facebook and Amazon in 2020 as a stopgap measure pending an international tax agreement risks becoming permanent, a group of tax experts said on Wednesday.

Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).

The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.

The income tax officials left the offices of the BBC in New Delhi and Mumbai on Thursday night after a three-day survey which involved going through files and cloning data from some digital devices.

The income tax "survey" at the BBC's Delhi and Mumbai offices ended tonight after nearly three days of officials going through digital records and files.