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CENT EQUALISATION LEVY
Govt proposes to abolish Equalisation Levy on online advertisementsThe government has proposed abolishing the Equalisation Levy on online advertisements and making amendments to the Finance Bill 2025. This ...- Govt withdraws equalisation levy of 2%: FM Nirmala Sitharaman in Budget speechThe government raised the deduction limit to 14 per cent from 10 per cent for employers' contribution for the National Pension System (NPS).
- GJEPC suggests introduction of repair policy, cut in import dutyColin Shah, Chairman, GJEPC expressed confidence that with the support of the government, the sector will achieve its target of USD 70 bill...
- Biden’s additional levy plan for MNCs may hit India’s tax regimeCos that don’t pay at least 28% tax in any country to be impacted; US plan to come in conflict with 15% tax offered by India to co setting ...
- Transactions involving royalty, tech fee taxable under I-T not liable for equalisation levy: BudgetThe Union Budget clarified that transactions taxable under income-tax are not liable for equalisation levy. In the past, there have been co...
- Equalisation levy does not discriminate against US firms: IndiaIn a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of Apr...
- Catch-22 situation for e-commerce platforms selling goods in IndiaBeginning this April, the government has introduced a 2% equalisation levy which would also be applicable. The question is whether 2% has t...
- Apple passes on 2 per cent equalisation levy to Indian consumersWhenever “taxes or foreign exchange rates change, the company has to update prices on the App store,” Apple told its consumers on the site....
- Google, Netflix, Adobe pay up 2 per cent additional Equalisation LevyThe government had imposed a 2% tax in the budget for FY21 on the sale of goods or delivery of services through a non-resident ecommerce op...
- Govt rules out FAQ on Equalisation Levy on e-commerce companies, says law very clearThe 2 per cent Equalisation Levy was introduced in the 2020-21 Budget and came into effect from April 1, 2020. The tax would be levied on c...
- 2% equalisation levy on non-resident e-commerce cos non-discriminatory: India to USIn a six-page written submission to the United States Trade Representative (USTR), India said the levy is applicable only for companies wit...
- Govt not considering extending equalisation levy deadline, says companies got enough timeThe 2 per cent Equalisation Levy was introduced in the 2020-21 Budget and has come into effect from April 1, 2020. The deadline for payment...
- Govt should keep in abeyance equalisation levy on non-resident e-commerce cos: ExpertsThe government should consider keeping in abeyance the 2 per cent equalisation levy on e-commerce companies as there are ambiguities surrou...
- 'Google Tax' detrimental to startup ecosystem: ExpertsExperts feel that the levy could be increased to 8 per cent from the present 6 per cent along with the scope, which could be exacerbated wh...
- Government gets Rs 146 crore from equalisation levy till Dec 2016-17As per the BEPS action plan, OECD has recommended to impose a final withholding tax on certain payments for digital goods or services.
- Krishi Cess,4 month window to disclose black money from tomorrowLast year the government had launched a similar scheme giving opportunity to people having unaccounted assets abroad to come clean by payin...
- Tax dispute resolution scheme to take effect from tomorrowThe scheme provides an opportunity for settlement of cases emanating from retrospective amendment of tax laws, by asking companies to pay t...
- Equalisation levy of 6% to come in force from June 1At present, equalisation levy is leviable only on payments relating to online advertisements, said C A Gupta, Partner, Deloitte Haskins and...
- Equalisation levy will hurt Indian tech startups: IAMAIIAMAI said this provision of the Finance Bill has its genesis on a consultation paper by the Central Board of Direct Taxes (CBDT).
- Introduce equalisation levy as part of Income Tax Act: AssochamAssocham suggested the government to introduce the equalisation levy as part of Indian Income Tax Act itself and not as a separate chapter ...
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