Tax Policy for the Social Media To be Loud and Clear

Tax Policy for the Social Media To be Loud and Clear: A report says, Google, Facebook made Rs. 10,000 crore in India and paid just Rs. 200 crore as tax in India. Now Modi 2.0 government plans to bring companies that derive revenues from Indian users but pay taxes elsewhere into the corporate tax net.

 

So there is an urgency need of the Data privacy law, so that Personal Data Protection Bill mandates storage of personal data on a server or in a data center located in the country, citing the need to protect the autonomy of individuals and their personal data. The bill, considered by the government, approval awaited from the government.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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