As per Finance Bill of 2016, Equalization levy is applicable for certain specified services related to digital domain wherein the amount of consideration exceeds a specified value (threshold prescribed by Income Tax Department).

Rules to The Finance Act, 2016 states that with effect from July 1, 2016, equalization levy @ 6% should be deducted by a resident or non-resident (having permanent establishment in India) on the amount of consideration paid or payable to the non-resident not having permanent establishment in India.

Online Challan No./ITNS 285 for making payment towards Equalization Levy

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Download View Challan No. ITNS 285 for Payment of Equalization Levy

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Category : Income Tax (28787)
Type : News
Tags : Equalisation Levy (23)

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