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Levy of Tax on Digital Services

News and Press Release - Dated:- 6-5-2016 - A Committee constituted by the Central Board of Direct Taxes (CBDT) has recommended for the levy of tax on most digital services. The Committee constituted to examine taxation of E-Commerce, has recommended that Equalization Levy may be imposed at a rate of six to eight per cent, on any consideration of more than one lakh rupees received by a non-resident from a resident of India or from a permanent establishment in India for certain specified digital .....

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