Kapil Sibal aims to restrict freedom of speech on the internet!
- Thread starter IndianMascot
- Start date
- Replies 195
- Views 20,007
Code:
https://i.imgur.com/1TTug.jpg
Google India gets Income-Tax Dept notice for not revealing correct revenues — economictimes.indiatimes.com — Readability
Around the same time Telecom Minister Kapil Sibal was planning to pull up Google, the Income-Tax Department was giving the final touches to a tax demand on the Indian arm of the global search engine company.
Google India Pvt Ltd, according to the tax office, has not offered its entire income for taxation and the profit and loss account filed by the company "does not give complete picture of the businesses".
The department has questioned Google India's practice of paying tax on its 'net' income from advertisements, after crediting a sizeable amount as distribution fees to Google Ireland. Google India runs the 'Adwords' programme whereby advertisements that appear on its website are sold in India to Indian business establishments.
Tax officers have built their argument on the basis of the contract between Google India and Google Ireland. As per this, Google India is conducting the business and obtaining revenue from Adwords programme "on its own account". "This, according to the I-T department's interpretation, makes Google India a separate entity that should declare its full income for tax purpose," said a person who is aware of a tax assessment order that was served on Google India this week.
For the assessment year 2008-09, the order says Google India has admitted revenue of only Rs 7.49 crore instead of showing the "correct revenue of Rs 167.32 crore".
Besides, no tax was deducted at source against the amount credited to Google Ireland. Based on the tax on the 'gross income' and TDS, the department has made a claim of Rs 74 crore for the year.
I guess next target would be folks like us who makes money from AdSense.
Around the same time Telecom Minister Kapil Sibal was planning to pull up Google, the Income-Tax Department was giving the final touches to a tax demand on the Indian arm of the global search engine company.
Google India Pvt Ltd, according to the tax office, has not offered its entire income for taxation and the profit and loss account filed by the company "does not give complete picture of the businesses".
The department has questioned Google India's practice of paying tax on its 'net' income from advertisements, after crediting a sizeable amount as distribution fees to Google Ireland. Google India runs the 'Adwords' programme whereby advertisements that appear on its website are sold in India to Indian business establishments.
Tax officers have built their argument on the basis of the contract between Google India and Google Ireland. As per this, Google India is conducting the business and obtaining revenue from Adwords programme "on its own account". "This, according to the I-T department's interpretation, makes Google India a separate entity that should declare its full income for tax purpose," said a person who is aware of a tax assessment order that was served on Google India this week.
For the assessment year 2008-09, the order says Google India has admitted revenue of only Rs 7.49 crore instead of showing the "correct revenue of Rs 167.32 crore".
Besides, no tax was deducted at source against the amount credited to Google Ireland. Based on the tax on the 'gross income' and TDS, the department has made a claim of Rs 74 crore for the year.
I guess next target would be folks like us who makes money from AdSense.
Code:
https://i.imgur.com/aZF3C.jpgSatire websites and social media accounts are not unlikely to survive the new IT Acts.
----------
Many human rights activists and lawyers have made a very strong case that the IT Rules on intermediary due diligence are unconstitutional. Parliament still has an opportunity, until the 2012 budget session, to reject these rules. Our parliamentarians must act now.
Speak up for freedom — www.indianexpress.com — Readability
----------
Many human rights activists and lawyers have made a very strong case that the IT Rules on intermediary due diligence are unconstitutional. Parliament still has an opportunity, until the 2012 budget session, to reject these rules. Our parliamentarians must act now.
Speak up for freedom — www.indianexpress.com — Readability
IndianMascot
Addicts
We would be shortly starting the recruitment process. The formal requirements would be published, but we are publishing some basic requirements beforehand
[*]The applicant should be highly religious and have unshaken belief in superpower.
[*]The applicant should be intolerant of competing views on religion and should not give up their faith even when confronted with compelling evidence.
[*]Since the social networks contains too many teenagers, the applicants should be highly fluent reading sms language.
[*]Should have deep respect for Sonia Gandhi and the whole Nehru-Gandhi family.
[*]Women are not allowed to apply as it goes against Indian culture and morals.
[/list]
Government finalizes the censorship model for social media to maintain communal harmony - Manish's Journal
Read fully ... ROFL....
[*]The applicant should be highly religious and have unshaken belief in superpower.
[*]The applicant should be intolerant of competing views on religion and should not give up their faith even when confronted with compelling evidence.
[*]Since the social networks contains too many teenagers, the applicants should be highly fluent reading sms language.
[*]Should have deep respect for Sonia Gandhi and the whole Nehru-Gandhi family.
[*]Women are not allowed to apply as it goes against Indian culture and morals.
[/list]
Government finalizes the censorship model for social media to maintain communal harmony - Manish's Journal
Read fully ... ROFL....
Similar threads
