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of <h1>Businesses must deduct equalisation levy from non-resident service payments over Rs.100,000 yearly and remit by 7th monthly</h1> A resident carrying on business or profession, or a non-resident with a permanent establishment in the jurisdiction, must deduct the equalisation levy from payments to a non-resident for specified services at the prescribed rate where aggregate consideration in the previous year exceeds Rs.100,000. Amounts deducted each calendar month must be paid to the government by the seventh day of the following month. If an assessee fails to deduct the levy, the assessee remains liable to pay the levy directly to the government by the same due date.
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