Tax collection from Google, Facebook up by 59%

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Digital India

Tax collection from Google, Facebook up by 59%

The tax department collected  ₹939 crore in the year to 31 March, up from  ₹590 crore a year earlier.

That is, Indian entities paid digital platforms (Facebook, Google etc) at least  ₹15,650 crore to place advertisements (compared to  ₹9,800 crore they spent in the previous year).

Guess this is where majority of startup funding is going?

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