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Charge of Equalisation Levy on 'Specified Services' - Section 165 of Finance Act, 2016 - International Taxation - Income TaxExtract Charge of Equalisation Levy on 'Specified Services' - Section 165 of Finance Act, 2016 (1) Equalisation levy @6% is leviable on the amount of consideration for any specified service received or receivable by a person, being a non-resident from a person resident in India and carrying on business or profession; or a non-resident having a permanent establishment in India. (2) Equalisation levy not chargeable , where The non-resident providing the specified service has a permanent establishment(PE) in India and the specified service is effectively connected with such permanent establishment(PE); The aggregate amount of consideration does not exceed ₹1 lakh for specified service received or receivable in a previous year by the non-resident from a person resident in India and carrying on business or profession, or from a non-resident having a permanent establishment in India; or where the payment for the specified service by the person resident in India, or the permanent establishment in India is not for the purposes of carrying out business or profession.
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