The equalisation levy has started making things costlier for Indian consumers. Apple is passing on the 2% equalisation levy, aside from 18% goods
It’s a taxman versus internet majors standoff — companies such as Google, Facebook, LinkedIn haven’t paid the April-June quarter’s 2% equalisation levy that
The relaxation of preferential allotment norms will also protect companies from the threat of takeovers
While the foreign investor has a strong case, some loopholes could work in the favour of tax authorities.
Tiger Global entities had approached the AAR after the Income Tax Department rejected their application seeking benefits under the India-Mauritius Double Tax Avoidance