Google to Help Globalize India's Home-Grown Payments Service bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Google Pay and India's National Payments Corp. signed a pact on Wednesday to further the reach of UPI beyond India.
Google India Digital Services Pvt. and NPCI International Payments Ltd., a unit of the NPCI, signed a memorandum of understanding with three key objectives:
The Income Tax (I-T) Department is investigating the Indian units of Apple, Google and Amazon over possible non-payment of tax. In connection with a probe that began in 2021, the authorities have sought detailed explanations from the tech behemoths on their transfer pricing (TP) practices, according to people aware of the matter.
The nub of the matter is the methodology followed in TP adjustments, resulting in what the department views as possible tax liabilities. The issue pertains to various assessment years, and is currently at different stages of investigation and litigation at several forums.