Equalisation levy disallowance bars deduction for payments to non-residents unless levy is later paid allowing deduction in that year. A new rule disallows deduction of any consideration paid or payable to a non-resident for a specified service where equalisation levy is deductible and that levy has not been deducted or, if deducted, has not been paid by the due date; however, if the levy is deducted later or paid after the due date, the sum is allowable as a deduction in the previous year in which the levy is paid.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Equalisation levy disallowance bars deduction for payments to non-residents unless levy is later paid allowing deduction in that year.
A new rule disallows deduction of any consideration paid or payable to a non-resident for a specified service where equalisation levy is deductible and that levy has not been deducted or, if deducted, has not been paid by the due date; however, if the levy is deducted later or paid after the due date, the sum is allowable as a deduction in the previous year in which the levy is paid.
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