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?

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals