Essayer OR - Gratuit
Global SaaS cos face fresh tax demands
Business Standard
|April 24, 2025
Demands raised for FY22, FY23
Marquee foreign companies including OINHOS Microsoft, Amazon, Google, Oracle, IBM, and Salesforce providing software-as-a-service (SaaS) products are facing fresh tax demands for 2021-22 and 2022-23.
According to sources, the income-tax department has issued assessment orders to these companies, treating the revenue earned by them from Indian customers as "fees for technical services" (FTS) under Indian tax law.
Any payment for technical, managerial, or consultancy service is treated as FTS and there is a 15 per cent tax on it under the India-United States double tax avoidance treaty.
Email queries sent to the companies as well as the Central Board of Direct Taxes (CBDT) didn't elicit any response till the time of going to press.
Before 2021, similar payments were often treated as "royalty".
Cette histoire est tirée de l'édition April 24, 2025 de Business Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Business Standard
Business Standard
More loans for women, less room for new borrowers
These borrowers accounted for 26% of total credit in 2025: NITI report
2 mins
April 09, 2026
Business Standard
Hydropower projects worth ₹40,000 cr in Arunachal get nod
The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved an investment of ₹40,000 crore to set up two hydro electric project (HEP) in Arunachal Pradesh.
1 mins
April 09, 2026
Business Standard
13,000 cr Jaipur Metro Phase-II expansion project cleared
The Union Cabinet chaired by Prime Minister Narendra Modi, approved Jaipur Metro Phase 2 on Wednesday.
1 min
April 09, 2026
Business Standard
New framework for NBFCs very soon
The Reserve Bank of India (RBI) is set to introduce a new framework for categorisation of non-banking financial companies (NBFCs) into upper, middle, and lower level NBFCs, Governor Sanjay Malhotra said on Wednesday.
1 min
April 09, 2026
Business Standard
Markets soar on shaky Iran-US ceasefire
Sensex surges nearly 4% in its best session in over five years as a two-week US-Iran ceasefire eases oil supply fears, even as Israel pummels Lebanon to target Hezbollah and Hormuz remains largely blocked
2 mins
April 09, 2026
Business Standard
Welfare politics and some procedural issues
Are the new or revised schemes costed properly? If not, what will it do to the Budget figures?
4 mins
April 09, 2026
Business Standard
Pharma mkt growth touched 5-qtr high in Q4
India’s domestic pharmaceutical market closed the March quarter of FY26 on a stronger footing, with growth acceleration and early indications of a volume recovery, according to data from market research firm Pharmarack.
1 mins
April 09, 2026
Business Standard
Day after, Trump turns dovish on Iran
US PRESIDENT SWITCHES FROM 'STONE AGE' THREAT TO TALK OF 'GOLDEN AGE' FOR W ASIA
3 mins
April 09, 2026
Business Standard
Together, let us empower our Nari Shakti!
In the coming days, India will be immersed in a festival season, with celebrations taking place across the length and breadth of the nation.
3 mins
April 09, 2026
Business Standard
MPC avoids knee-jerk reaction, preserves policy flexibility
The status quo on the key policy rates and the neutral stance maintained in the current meeting by the Monetary Policy Committee (MPC), the six-member rate-setting body of the Reserve Bank of India (RBI), was no surprise.
2 mins
April 09, 2026
Listen
Translate
Change font size