01-Feb-2026      12:13

FM announces tax holiday till 2047 for global cloud services provider to global clients using Indian data centres

FM proposes provide to provide tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data center services. However, it will need to provide services to Indian customers through an Indian reseller entity.

IT services companies who want to conclude advance pricing agreement process for IT services and endeavor to conclude it within a period of two years

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