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Netflix under I-T scanner, facing tax liability in India for streaming services income: Report

  • India's tax authorities are reportedly imposing a tax on the income generated by Netflix in the country.
  • The tax authorities have attributed an income of approximately $6.73 million to Netflix's permanent establishment in India for the assessment year 2021-22.
  • This move is part of India's efforts to regulate the digital economy and ensure that foreign companies pay taxes on the revenue they earn in the country.

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