Equalisation Levy

Evolution of Equalization Levy: 2016 to 2020 and Impact on E-commerce

Income Tax - Explore the evolution of India Equalization Levy, from its introduction in 2016 to the 2020 amendments, focusing on e-commerce operators. Learn about applicability, classifications, exemptions, and the impact on global tech giants....

Equalisation Levy: Taxing Digital Services for Global Commerce Growth

Income Tax - Introduction: Equalisation Levy, introduced by the Indian government, aims to tax specific digital services provided by non-resident e-commerce operators. It ensures taxation in India for income derived from digital services. Applicability of Equalisation Levy: Equalisation Levy is governed by Section 165 and Section 165A of the Finance A...

Have you availed the services on which Equalization levy is levied?

Income Tax - Explore impact of Equalization Levy (EL) on specified services. Learn about rates, responsibilities, due dates, and consequences for non-adherence. Stay compliant with EL regulations...

Understanding Equalisation Levy: Scope, Rates and Compliance

Income Tax - Explore scope, rates, and compliance of Equalisation Levy introduced by Finance Act, its extension to e-commerce, and key conditions and due dates for levy deposition....

Understanding Equalisation Levy: Online Advertising & E-commerce

Income Tax - Explore the intricacies of Equalisation Levy in India. Learn about online advertising, e-commerce, rates, exemptions, and compliance in this detailed guide....

India & USA agree on a transitional approach on Equalisation Levy 2020

Income Tax - On October 8, 2021, India and United States joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the United Kingdom) in reaching agreement on the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy....

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:...

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...

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....

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...

Equalization levy not applicable on person merely acting as conduit

DCIT Vs Prakash Chandra Mishra (ITAT Jaipur) - ITAT Jaipur held that equalization levy not applicable as role of the assessee is merely conduit between the entity carrying out the advertisement and Google. The ultimate benefit of such advertisement is not desired by the assessee....

TDS not deductible on Payment to Facebook Ireland for Advertisement

Addl. CIT Vs Lenskart Solution (P) Ltd. (ITAT Delhi) - Addl. CIT Vs Lenskart Solution (P) Ltd. (ITAT Delhi) It was claimed by the Assessee that as the Assessee had made the payment to Facebook Ireland Inc. (FII), which admittedly did not have any permanent establishment (PE) in India and, therefore, the payments made to it for advertisement services wer...

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?...

Centralised Processing of Equalisation Levy Statement Scheme, 2023

Notification No. 03/2023-Income Tax [S.O. 614(E).] - (07/02/2023) - Centralised Processing of Equalisation Levy Statement Scheme, 2023 shall be applicable in respect of processing of Equalisation Levy Statements....

CBDT extends due dates for electronic filing of various Forms

Circular No. 15/2021-Income Tax - (03/08/2021) - CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules, 1962 (Rules...

Government extends timelines for Income Tax Assessment (Read Notification)

Notification No. 38/2021-Income Tax/S.O. 1703(E) - (27/04/2021) - Central Government has decided to extend the time limits to 30th June, 2021 in the following cases where the time limit was earlier extended to 30th, April 2021 through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020, namely:-...

CBDT notifies Equalisation levy (Amendment) Rules, 2020 & Forms

Notification No. 87/2020 [S.O. 3865(E)] - (28/10/2020) - Payment of Equalisation levy. ─ The assessee or e-commerce operator, as the case may be, who are required to deduct and pay equalisation levy, shall pay the amount of such levy, by remitting it into the Reserve Bank of India or in any branch of the State Bank of India or of any authorised Bank acc...

Revised Jurisdiction Order regarding Equalization Levy

Jurisdiction Order No. 2/2020 - (12/10/2020) - Principal Chief Commissioner of Income-tax (International Taxation), Delhi, in supersession of this office order no. 1/2020 dated 29.05.2020 (F.No. Pr. CCIT(IT)/Delhi/Juris./Eq. Levy/2020-21137), hereby authorise the income-tax authority/authorities specified in Col No.(2) below and having their hea...

Recent Posts in "Equalisation Levy"

Evolution of Equalization Levy: 2016 to 2020 and Impact on E-commerce

Explore the evolution of India Equalization Levy, from its introduction in 2016 to the 2020 amendments, focusing on e-commerce operators. Learn about applicability, classifications, exemptions, and the impact on global tech giants....

Posted Under: Income Tax |

Equalisation Levy: Taxing Digital Services for Global Commerce Growth

Introduction: Equalisation Levy, introduced by the Indian government, aims to tax specific digital services provided by non-resident e-commerce operators. It ensures taxation in India for income derived from digital services. Applicability of Equalisation Levy: Equalisation Levy is governed by Section 165 and Section 165A of the Finance A...

Posted Under: Income Tax |

Have you availed the services on which Equalization levy is levied?

Explore impact of Equalization Levy (EL) on specified services. Learn about rates, responsibilities, due dates, and consequences for non-adherence. Stay compliant with EL regulations...

Posted Under: Income Tax |

Understanding Equalisation Levy: Scope, Rates and Compliance

Explore scope, rates, and compliance of Equalisation Levy introduced by Finance Act, its extension to e-commerce, and key conditions and due dates for levy deposition....

Posted Under: Income Tax |

Understanding Equalisation Levy: Online Advertising & E-commerce

Explore the intricacies of Equalisation Levy in India. Learn about online advertising, e-commerce, rates, exemptions, and compliance in this detailed guide....

Posted Under: Income Tax | ,

TDS and Equalisation Levy on Facebook, Google and Instagram Ads

Understand tax implications for Indian entities advertising on global platforms like Facebook, Google, and Instagram. Learn about TDS and Equalisation Levy....

Posted Under: Income Tax |

Navigating Equalisation Levy and TDS u/s 194O: A Comprehensive Exploration of E-commerce Taxation

Dive deep into Intricacies of e-commerce taxation in India with a comprehensive look at Equalisation Levy and TDS under Section 194-O....

Posted Under: Income Tax |

Have you filed Equalization Levy annual return yet?

Find out everything you need to know about Equalization Levy, including the specified services and e-commerce supplies subject to the levy. Learn about the due dates for payment and the repercussions for non-compliance. Discover the process for filing the annual return in Form 1, penalties for late filing, and the possibility of revising ...

Posted Under: Income Tax |

Equalisation Levy: Provisions, Applicability & Implications for Non-Residents & E-commerce Operators

Explore Equalisation Levy in India: provisions, applicability, rates, and examples. Understand the distinctions between specified services and supplies by E-commerce operators. Discover implications for non-resident service providers and E-commerce operators. Learn about payment procedures, non-applicability scenarios, and related provisi...

Posted Under: Income Tax |

Charge of Equalisation Levy on Specified & E-commerce supply or services

Understand the Equalisation Levy charge on specified services and e-commerce supply or services. Explore rates, exemptions, and the time period for remittance. Stay informed on the Finance Act's impact and compliance requirements. Learn how the Equalisation Levy addresses tax treaty benefits. Disclaimer: This article is for educational pu...

Posted Under: Income Tax |

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