Google India Slapped with Income Tax Notice
Bangalore: The search engine giant Google is facing heat from Indian telecom ministry and Income tax department at the same time. Telecom Minister Kapil Sibal said to Google and other social networking sites to monitor their content and was planning to pull up Google, now the tax department has slapped Google India.
The Government of India has also requested Google to remove around 358 items off its services including YouTube and Orkut.
Google is among the few large scale Internet ventures, to be profitable in the Indian market. Ninety-nine percent of Google's revenue is derived from its advertising programs. Google India runs the Adwords programme whereby advertisements that appear on its website are sold in India to Indian business establishments.
Income tax department gave notice for Google India for not reveling correct revenues and for not producing its entire income for taxation. The profit and loss account filed by the company is not very clear to the IT department.