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The taxation department has approved a Rs 549 percent of the total tax summons to Amazons corporation Amazon Web Service (AWS). Aws offers cloud storage. The notification was sent out to Amazon web services after the tax office unearthed that perhaps the business has been billing a service charge fo
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FAQ :
The Income Tax Department has issued a tax demand notice of Rs 549 crore to AWS.
AWS has been issued the tax demand because it was billing Indian entities for cloud computing services but allegedly not paying the required taxes on this income.
Yes, the department has also raised a demand of Rs 190.85 crore for FY15 and Rs 358.27 crore for FY17.
AWS provides a comprehensive cloud services platform, offering infrastructure as a service and platform as a service, including solutions for computing, storage, datasets, and analytics.
The Income Tax Department considers revenues from cloud computing services to be in the nature of royalty and technology support fees, which are subject to tax in India.
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