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of <h1>Finance Act 2016: Section 164 Defines Key Terms for Equalisation Levy on E-commerce and Specified Services</h1> Section 164 of the Finance Act, 2016, outlines definitions related to the equalisation levy. Key terms include 'Appellate Tribunal,' referring to the tribunal under the Income-tax Act, and 'Assessing Officer,' defined as various levels of Income-tax officers authorized by the Board. The 'Board' is the Central Board of Direct Taxes. An 'e-commerce operator' is a non-resident managing digital platforms for online sales or services, while 'e-commerce supply or services' encompasses various online activities. The 'equalisation levy' is a tax on specified services or e-commerce transactions. 'Specified service' includes online advertising and related services. Terms not defined here follow the Income-tax Act definitions.
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