Equalisation Levy

Equalisation Levy 2.0 – Non-payment of tax by major tech giants

Income Tax - Equalisation Levy is a form of direct tax. The primary issue with such type of unconventional taxing is lack of payment getaways and methods, for this reason the payment is withheld at the time of payment by the service recipient....

Read More

Equalisation levy : Tax on Digital Transaction

Income Tax - As per section 165 of Finance Act. 2016, equalisation levy shall be charged at the rate of six percent on the amount of consideration for specified service received or receivable by non-resident from...

Read More

Equalisation Levy 2.0 – Good or Bad?

Income Tax - Equalisation Levy was introduced via the Finance Act 2016 with effect from 1st June 2016. The EL was levied at 6% on consideration received or receivable by a non-resident for specified services from (i) any person resident in India carrying on business or profession in India or (ii) a non-resident having a PE in India....

Read More

Equalisation Levy: India’s Answer to Digital Economy

Income Tax - 1. Background There has been significant expansion of Information and Communication Technology. With increase of E-commerce and newer concepts like cloud computing, the significance of Digital Economy in global market has increased manifold times. Indian Income Tax Act majorly focused on the physical presence of enterprises for taxing the...

Read More

Equalisation Levy – Expanding Footprints

Income Tax - Prologue With blistering digitalisation, the concern of base erosion escalated further which reflected in BEPS Project, endorsed by G-20 and OECD, to which India was an active participant. Out of three options, suggested in report on Action 1 of BEPS Project, to address tax challenges of digital economy India adopted Equalisation Levy in ...

Read More

Taxation of Digital Businesses

Income Tax - The Government has not held any consultation regarding taxation of digital businesses as such. However, to address the challenges posed by the enterprises who conduct their business through digital means and carry-out activities in the country remotely, the following measures have been taken:...

Read More

Equalization levy of 6 per cent on online advertisers

Income Tax - The Government has introduced equalization levy of 6 per cent on online advertisers. The Finance Act, 2016 had inserted a separate Chapter VIII titled Equalization Levy in order to tap tax on income accruing to foreign e-commerce companies from India. It was provided that a person making payment exceeding in aggregate 1 lakh rupees in a y...

Read More

Equalization Levy- Challan No.ITNS 285 for making Payment

Income Tax - 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....

Read More

Google Payments: Notification regarding Equalisation Levy

Income Tax - This is to inform you that as per the Notification No. 37/2016: F.No. 370142/12/2016-TPL dated 27 May 2016 read with Finance Act, 2016, Government of India has levied an ‘Equalisation Levy’ on provision of online advertisement services or any other service or facility for the purpose of online advertisement by a Foreign Company provid...

Read More

No Equalisation Levy Applicable in case of Mastercard Asia

Mastercard Asia Pacific Pte. Ltd. Vs Union of India & Ors. (Delhi High Court) - The issue under consideration is whether the equalisation levy will be applicable in case of Mastercard Asia or not?...

Read More

AO working in Pr. CCIT (International Taxation) region is jurisdictional AO for equalisation levy

Notification No. 20/2020-Income Tax [S.O. 1189(E)] - (20/03/2020) - Assessing Officer working in the Principal Chief Commissioner of Income-tax (international Taxation) Region having Jurisdiction in respect of the assessees for the purpose of the Income-tax Act, 1961, to exercise or perform all or any of the powers and functions conferred  on, or, assigned  to  a...

Read More

CBDT Notifies Equalisation levy Rules, 2016

Notification No. 38/2016-Income Tax - (27/05/2016) - Every assessee, who is required to deduct and pay equalisation levy, shall pay the amount of such levy to the credit of the Central Government by remitting it into the Reserve Bank of India or in any branch of the State Bank of India or of any authorised Bank accompanied by an equalisation levy chal...

Read More

CBDT notifies date of Applicability of Equalisation Levy

Notification No. 37/2016-Income Tax - (27/05/2016) - n exercise of the powers conferred by sub-section (2) of section 163 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints the 1st day of June, 2016 as the date on which Chapter VIII of the said Act shall come into force....

Read More

Report- Taxation of E-Commerce: Equalization Levy or Google Tax

NA - (21/03/2016) - The Committee on taxation of E-Commerce examined the tax issues arising from the new business models employed in the digital economy, in particular issues relating to tax nexus rules under existing law and tax treaties, characterization of payments made for services and facilities provided primarily...

Read More

Recent Posts in "Equalisation Levy"

Equalisation Levy 2.0 – Non-payment of tax by major tech giants

Equalisation Levy is a form of direct tax. The primary issue with such type of unconventional taxing is lack of payment getaways and methods, for this reason the payment is withheld at the time of payment by the service recipient....

Read More
Posted Under: Income Tax |

Equalisation levy : Tax on Digital Transaction

As per section 165 of Finance Act. 2016, equalisation levy shall be charged at the rate of six percent on the amount of consideration for specified service received or receivable by non-resident from...

Read More
Posted Under: Income Tax |

Equalisation Levy 2.0 – Good or Bad?

Equalisation Levy was introduced via the Finance Act 2016 with effect from 1st June 2016. The EL was levied at 6% on consideration received or receivable by a non-resident for specified services from (i) any person resident in India carrying on business or profession in India or (ii) a non-resident having a PE in India....

Read More
Posted Under: Income Tax |

Equalisation Levy: India’s Answer to Digital Economy

1. Background There has been significant expansion of Information and Communication Technology. With increase of E-commerce and newer concepts like cloud computing, the significance of Digital Economy in global market has increased manifold times. Indian Income Tax Act majorly focused on the physical presence of enterprises for taxing the...

Read More
Posted Under: Income Tax |

No Equalisation Levy Applicable in case of Mastercard Asia

Mastercard Asia Pacific Pte. Ltd. Vs Union of India & Ors. (Delhi High Court)

The issue under consideration is whether the equalisation levy will be applicable in case of Mastercard Asia or not?...

Read More

Equalisation Levy – Expanding Footprints

Prologue With blistering digitalisation, the concern of base erosion escalated further which reflected in BEPS Project, endorsed by G-20 and OECD, to which India was an active participant. Out of three options, suggested in report on Action 1 of BEPS Project, to address tax challenges of digital economy India adopted Equalisation Levy in ...

Read More
Posted Under: Income Tax |

Digital Taxation in India

Equalisation Levy (Digital Taxation) was introduced in India (the first country in the world to do so) in Year 2016 on online Advertisement, subsequent to the 'Report of the Committee on Taxation of E-Commerce' which proposed Equaliation Levy on Specified Transactions....

Read More
Posted Under: Income Tax |

Digital Technology (DigiTech) & E-commerce Taxation

Digital Technology (DigiTech) & E-commerce Taxation Indian e-commerce and DigiTech industry have been grown to a new height in the past decade. We have seen exponential rise in the way people look at business and the modus operandi of managing a business. From high investments in space and layouts, people have diverted to high investm...

Read More
Posted Under: Income Tax |

Equilisation Levy- 2020 Version 2.0

India, being one of the fastest growing e-commerce market, is expected to see a spurt in the coming years. Moreover, any such pandemic that requires us to stay indoors and avoid physical interactions, has increased the requirement of operators and businesses to use digital platforms to cater customers and serve them with the best possible...

Read More
Posted Under: Income Tax |

Google Tax (Equalisation levy) – India’s Tax perspective

Google Tax: India’s Tax perspective Introduction With ever evolving technological advancements, the businesses have found unique ways to operate their businesses just by relying on digital technology. As a result of the rapid technical development, the new business models have come with a set of new tax challenges in terms of connection...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (4,941)
Company Law (6,599)
Custom Duty (7,960)
DGFT (4,335)
Excise Duty (4,391)
Fema / RBI (4,365)
Finance (4,614)
Income Tax (34,478)
SEBI (3,678)
Service Tax (3,595)

Search Posts by Date

September 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930