wordpress blog stats
Connect with us

Hi, what are you looking for?

Microsoft records $620 million tax benefit in India due to Supreme Court decision

"Windows 10 now has more than 1.3 billion monthly active devices," CEO Satya Nadella revealed on Microsoft's Q3 FY2021 earnings call, which essentially means that there are roughly as many devices running Windows 10 as there are people in India. It's little surprise that Windows sales are growing so sharply, what with the pandemic boosting remote working to new heights over the last year. "Over a year into the pandemic, digital adoption curves aren’t slowing down. In fact, they’re accelerating, and it's just the beginning," Nadella said. It is very significant that unlike streaming services, Microsoft's finances are not suffering from accelerated demand slowing down, and is in fact continuing to grow in spite of the fact that in many parts of the world, lockdowns are a thing of the past. Microsoft made US$41.7 billion in revenue this quarter. Microsoft gets tax benefit from India Microsoft said it recorded a tax benefit of US$620 million due to a favourable ruling in the Supreme Court of India in March. As the company tells it: In March 2021, the India Supreme Court issued a decision on withholding taxes in the case of Engineering Analysis Centre of Excellence Private Limited vs The Commissioner of Income Tax. The decision involves appeals filed by 86 individual companies operating in India, some dating back to 2012. Microsoft was not a party to any of the appeals but is impacted by the decision. Microsoft has historically paid India withholding taxes on software sales through distributor withholding and…

Please subscribe/login to read the full story.
Written By

I cover the digital content ecosystem and telecom for MediaNama.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ