TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2016: New 6% Equalisation Levy on Specified Services for Non-Residents, Exemptions and Penalties Included</h1> The Finance Bill, 2016 introduces an equalisation levy on specified services, targeting non-residents receiving payments from Indian residents or non-residents with permanent establishments in India. The levy is set at 6% of the consideration for services, with exemptions for non-residents with permanent establishments in India or if the total consideration does not exceed 100,000 rupees annually. The Bill outlines procedures for collection, payment, and filing requirements, along with penalties for non-compliance. It provides mechanisms for appeals and rectification, and grants the Central Government authority to create rules and address implementation challenges. Provisions become effective upon notification by the Central Government.
TaxTMI 
TaxTMI 
