CBDT unlikely to offer tax relief for foreign data centres soon: Report

The Central Board of Direct Taxes (CBDT) is expected to soon announce guidelines clarifying the tax treatment of foreign-owned data centres operating in India, but is unlikely to offer any relief from existing norms, according to a Moneycontrol report.

“Foreign companies who operate data centres (DCs) have approached the CBDT in recent months. We might issue a circular soon. However, it’s unlikely there would be any change in how their incomes are taxed from the current practice,” a CBDT official told the publication.

Read more at: Business Standard