Global Loss

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Income Tax Department proposes new norms for taxing MNCs in India; invites comments from stakeholders
Business

Income Tax Department proposes new norms for taxing MNCs in India; invites comments from stakeholders

MNCs incurring global losses or a global profit margin of less than 2% and have operations in India will be deemed to have made a profit of 2% of Indian revenue or turnover and will be taxed accordingly.

India faces greatest global loss from Internet shutdowns
News & Analysis

India faces greatest global loss from Internet shutdowns

Internet services in India are shut down to prevent unrest; in Kashmir, mobile internet services have been shut as the state has been witnessing unrest for more than three months.