(Translated by https://www.hiragana.jp/)
Social media rules: View: India needs to provide clarity on tax issues that could emerge from new social media rules - The Economic Times
The Wayback Machine - https://web.archive.org/web/20210305081551/https://economictimes.indiatimes.com/news/economy/policy/view-india-needs-to-provide-clarity-on-tax-issues-that-could-emerge-from-newly-introduced-social-media-rules/articleshow/81335478.cms
The Economic Times
English EditionEnglish Editionहिन्दी
| 05 March, 2021, 01:32 PM IST | E-Paper
Search
+

    View: India needs to provide clarity on tax issues that could emerge from new social media rules

    The only silver lining is that if a foreign company has a permanent establishment in India, equalisation levy cannot be imposed.

    Synopsis

    The IT Ethics Rules state, ‘The significant social media intermediary shall have a physical contact address in India, published on its website or mobile-based internet application or both, as the case may be, for the purpose of receiving the communication addressed to it.’ Would this mean that such companies would necessarily need to have a physical place of business in India?

    The newly introduced rule for social media intermediaries has sparked off intense debates among tax professionals. The avowed objective of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, is to protect users and address concerns relating to lack of transparency and accountability. Invariably, when any new rule is proposed, tax challenges seem to lurk right around the corner. The ‘IT Ethics Rules’
    Share This Article
    • GIFT ARTICLE
    • FONT SIZE
    • SAVE
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Why ?

    • Sharp Insight-rich, Indepth stories across 20+ sectors

    • Access the exclusive Economic Times stories, Editorial and Expert opinion

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    The Economic Times