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of <h1>Tax Deductions for Non-Resident Service Payments Contingent on Timely Equalization Levy Compliance Under Section 40(a)(ib)</h1> A legal provision under Section 40(a)(ib) disallows tax deductions for payments to non-residents for specified services if the equalization levy is not deducted or not paid by the specified due date. If the levy is deducted in a subsequent year or paid after the due date, the deduction will be allowed in the year of actual payment, subject to meeting prescribed conditions under Chapter VIII of the Finance Act, 2016.
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