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Mar 15, 2018
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Lok Sabha passes Finance Bill: Little relief on LTCG, digital tax net widens
As the Lok Sabha passed the Finance Bill, 2018, amid din and without any discussion on Wednesday, the government dashed whatever faint hope investors in listed equity had nurtured of their investments being adjusted to inflation for the purpose of the newly imposed long-term capital gains (LTCG) tax. An amendment to the Bill also widened the scope of India taxing the so-called digital income that some multinationals earn in the country without a permanent establishment here, by buttressing the “significant economic presence” clause introduced in the Budget.
Source -
http://www.financialexpress.com
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