The Income Tax Appellate Tribunal (ITAT) has upheld a tax demand on Google India’s remittances of advertisement revenue sent to Google Ireland. The tax department found that the ₹1,114 crore paid to Google Ireland in 2012-13 was taxable as royalty and issued ₹258.84 crore tax for it. However, Google India said it will challenge the ruling in the High Court.

short by Shifa Naseer /
01:53 pm on 16 May

Source: Inshorts
Special Thanks to Inshorts