Foreign companies offering cloud services globally will benefit from a 20-year tax holiday. This incentive is available to those using MeitY-notified data centers in India. Overseas firms face no risk of their global income being taxed in India. The move…
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Foreign cloud providers in India will receive a 20-year tax exemption on global income if they use notified Indian data centres and sell via local resellers. Domestic profits remain taxable, with a 15% safe-harbour for related entities. The move aims…
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With the new excise tax on cigarettes set to drive up prices, authorities may unwittingly trigger a rise in clandestine cigarette trade. This could pose challenges for tax collection efforts, while farmers dedicated to FCV crops might experience a slump…
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The government plans to expand the concept of trusted entities beyond the existing Authorised Economic Operator (AEO) framework, said Arvind Shrivastava, Revenue Secretary, Ministry of Finance. He said trusted manufacturers, importers or exporters who regularly deal in known goods from…
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That scale of opportunity, Ambani said, leaves room for far more large enterprises to emerge over the coming decades, with startups and young entrepreneurs playing a central role despite persistent and evolving challenges.
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IT stocks like Infosys, TCS, Wipro and Persistent saw declines of up to 7% following Anthropic’s launch of AI tools for corporate legal teams. This development intensified fears of increased competition and margin pressure for software companies, contributing to a…
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