Penalty under Equalisation Levy - International Taxation - Income Tax

..... Penalty under Equalisation Levy Penalty for failure to deduct or pay equalization pay Section 171, FA 2016. Nature of default Penalty Failure to deduct whole or part of equalisation levy u/s 166 In addition to payment of equalisation levy u/s 166(3) and interest u/s 170, penalty equal to the amount of equalisation levy that he failed to deduct would be leviable Failure to pay whole or part of Equalisation levy as requir .....

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Penalty under Equalisation Levy - International Taxation - Income Tax

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