Apple lobbies Indian government to change Tax Law. (Photo source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Apple is pushing the Indian government for relaxations in taxation laws surrounding the ownership of high-end iPhone machinery that it gives to its contract manufacturers, news agency Reuters reported.

The tech giant sees the Income Tax Act of 1961 as a hurdle in its future growth as it makes US firm's iPhone profits liable for Indian taxes, even though the machinery is utilised by the manufacturers. The reason for this is that the ownership of the machinery establishes a "business connection" with Apple.

Contrary to this, Apple does not incur taxes on the machinery it provides to contract manufacturers in China. Therefore, its push for ease in ta

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