I-T Dept Proposes New Norms for Taxing MNCs in India

The CBDT committee also said MNCs that are incurring global losses or a global profit margin of less than 2% and have operations in India will be deemed to have made a profit of 2% of Indian revenue or turnover and will be taxed accordingly.

from Top Business News- News18.com http://bit.ly/2DlJhlr