Apple urges Indian government to revise tax rules that may slow its growth: Report
New Delhi: Apple has urged the Indian government to revise parts of its income tax law that could slow down its expansion in the country, as reported by news agency Reuters.
The company wants changes that would ensure it is not taxed for owning high-end iPhone manufacturing machines that it provides to its contract manufacturers in India.
The push comes as the tech giant looks to shift a larger share of its production away from China and expand its manufacturing footprint in India.
While China still accounts for 75% of global iPhone shipments, India’s share has grown rapidly, quadrupling to 25% since 2022, according to Counterpoint Research. Apple’s iPhone market share in India has also doubled to 8% during the same period.
Apple potentially faces billions of dollars in additional taxes if it changes its business practices without convincing New Delhi to change a 1961 law covering foreign ownership of equipment used in India, added the report.
Apple executives have held meetings with Indian authorities to discuss possible changes to this law. “Contract manufacturers cannot put up money beyond a point. If the legacy law is changed, it will become easy for Apple to expand. India can become more competitive globally,” Reuters quoted an industry insider as saying.
A senior government official has acknowledged the ongoing discussions but is cautious about setting a precedent that could limit its taxing rights. “It's a tough call," said the official, who highlighted that Apple's increased investments are equally important
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Defamatory post against Dharmasthala Veerendra Heggade: Case registered against Girish Mattannavar
Belthangady: A case has been registered at Dharmasthala police station against Girish Mattannavar over a complaint regarding alleged defamatory posts on social media against Dr. D. Veerendra Heggade, Dharmadhikari of Sri Kshetra Dharmasthala.
The complaint was filed by Subrahmanya Prasad, a resident of Dharmasthala.
The complainant stated that Mattannavar posted content on Instagram making allegations against Dr. Heggade and allegedly affecting his reputation.
Based on the complaint, a case was registered under Section 353(2) of the Bharatiya Nyaya Sanhita (BNS), which is related to spreading false information, rumours, or alarming news, on April 18, and the investigation is in progress.
Following information about Mattannavar’s appearance at the SIT office on May 7, a police officer from Dharmasthala police station issued a notice directing him to appear at the station within a week.
