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<h1>Finance Bill 2016 introduces 6% equalisation levy on specified services received by non-residents from Indian businesses.</h1> Clause 162 of the Finance Bill, 2016, imposes an equalisation levy of six percent on the consideration for specified services received by a non-resident from a resident in India conducting business or a non-resident with a permanent establishment in India. The levy does not apply if the non-resident has a permanent establishment in India connected to the service, if the total consideration does not exceed one lakh rupees in a year, or if the payment is not for business or professional purposes.