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of <h1>Equalization Levy of 6% on Specified Services from Non-Residents Under Section 165 of Finance Act 2016</h1> Section 165 of the Finance Act, 2016 imposes a 6% equalization levy on specified services received by non-residents from Indian residents carrying on business/profession or from non-residents with permanent establishments in India. Exemptions apply when: the non-resident has a permanent establishment in India with which the service is effectively connected; the aggregate consideration doesn't exceed one lakh rupees in a previous year; or the payment isn't for business/professional purposes. The section will cease to apply to considerations received on or after April 1, 2025, as per the Finance Act, 2025.
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