<h1>Government Proposes to Abolish 6% Equalisation Levy on Online Ads in Finance Bill 2025 Amendments</h1> The government has proposed abolishing the 6% Equalisation Levy on online advertisements as part of 59 amendments to the Finance Bill 2025, currently under debate in the Lok Sabha. This move aims to ease tensions with the US, which has threatened reciprocal tariffs. Previously, a 2% levy on e-commerce transactions was removed. Experts see this as a positive step towards addressing international concerns about the levy. Additionally, the amendments include measures to simplify offshore fund investments and clarify tax assessment procedures related to search and seizure operations, aligning with the government's goal to resolve taxpayer issues.