अख़बार की दुनिया मे बेबाक़ी का सबसे बड़ा कलेजा

【 RNI-HIN/2013/51580 】
【 RNI-MPHIN/2009/31101 】



Jansamparklife.com







On watchlist: Government seeks to tax Netflix income in India

12 May 2023

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Synopsis

The income tax authorities have held that the US-headquartered entertainment company has a permanent establishment in India and is thus liable to get its income in the country assessed for tax.

India is seeking to tax Netflix Inc.’s income earned from streaming services in the country, people familiar with the matter said. It’s the first such move to tax overseas digital companies providing electronic commerce services to consumers in India, they said.

The income tax authorities have held that the US-headquartered entertainment company has a permanent establishment (PE) in India and is thus liable to get its income in the country assessed for tax.

In a draft order, the tax authorities attributed about Rs 55 crore income to Netflix’s Indian PE in the assessment year 2021-22, they said. The tax officials have reasoned Netflix had some infrastructure and employees from the parent entity on secondment in India to support its streaming services, leading to a PE and tax liability in the country. Netflix did not respond to queries from ET.

Tax authorities have in multiple instances in the past held that the presence of seconded employees, those loaned for a short period, formed a permanent establishment of the foreign company in India.


हिंदुस्तान पर्दे की दुनिया बॉलीवुड हॉलीवुड टेलीविजन रंगमंच इंटरवियू मूवी रिव्यू ट्रेलर ख़ास कलाकार


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