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>Amendment to Finance Act 2016: Section 40 mandates equalisation levy deduction for non-resident service payments.</h1> In the Finance Act, 2016, an amendment to section 40 of the Income-tax Act introduces sub-clause (ib) to clause (a). Effective from June 1, 2016, it specifies that any payment to a non-resident for a specified service, subject to an equalisation levy under Chapter VIII, must have the levy deducted and paid by the due date in section 139(1). If the levy is deducted in a subsequent year or paid after the due date, the amount will be deductible in the year it is paid.
TaxTMI 
TaxTMI 
