India Emerges as Growth Engine for MNCs, Boosts Contribution to Global Volume Growth 8-Fold

MNCs

India’s contribution to the global volume growth of consumer products is tremendous. Its contribution to growth during the last five years (2019 to 2024) has increased the volume share by 2 to 8 times compared to the previous year in various categories. This has made India a strong growth engine for major consumer goods multinational … Read more

Amazon to Google, SaaS companies in India worried about the tax burden

income tax

Many foreign companies providing Software as a Service (SaaS) products like Amazon, Microsoft, Google, Oracle, IBM, and Salesforce have received a new notice of tax demand from the Income Tax Department for the financial years 2021-22 and 2022-23. According to sources, the tax department has issued assessment orders to these companies. Under this, the income … Read more