Big Tech firms see tax windfall after Supreme Court ruling on Microsoft
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Big Tech firms, including Facebook, Amazon and Google, are set to file for tax refunds in India following a Supreme Court judgment on tax on royalty, but all may be not lost for the government.
ETTelecom
Mumbai:Google, Facebook and Amazon could claim hundreds of crores in refunds from the Indian government, after the Supreme Court on Microsoft ruled that payments made by local users for the purchase of software from foreign companies or distributors cannot be taxed as royalty.
While Tuesday’s ruling, disallowing deduction of tax at source on such payments, spoke about Microsoft, the principle and logic in the judgement are set to be used by other multinationals for their own cause, said legal experts.