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News INCOME TAX

  • Sep 09, 2019
  • Govt gets tax bonanza from online ads on Google, Facebook

    Tax receipts arising from a levy on payments made to digital advertising platforms such as Google and Facebook from Indian entities jumped 59% in the year ended March, said a tax official privy to the development.The tax department collected ?939 crore in the year to 31 March, up from ?590 crore a year earlier, the official said on condition of anonymity.The surge in tax collections suggests that Indian entities paid digital platforms such as Facebook and Google at least ?15,650 crore to place advertisements. That compares with the ?9,800 crore they spent in the previous year.