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IT department looking to tax Netflix’s India operations: Reports

India is taking steps to impose tax on income generated by Netflix Inc’s from streaming services in the country, reported Reuters citing a Economic Times reported.

In a draft order, the tax authorities attributed an income of about 55 crore ($6.73 million) to Netflix’s Indian permanent establishment (PE) in the assessment year 2021-22, the report added.

Source a2ztaxcorp

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