https://www.taxtmi.com/article/detailed?id=6732 Equalization levy taxes consideration for specified digital services supplied by nonresident enterprises to Indian business users, especially online advertising; Indian resident payers and nonresidents with an Indian permanent establishment must deduct and remit the levy where aggregate receipts exceed the threshold. The regime prescribes payment timing, statement filing and processing, rectification of errors, interest on delayed remittance, penalties for failure to deduct or pay, appeals to tax appellate authorities, prosecution for false statements, and application of specified income tax recovery provisions. en-us Tue, 08 Mar 2016 11:05:04 +0530 Tue, 08 Mar 2016 11:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6732 Equalization levy taxes consideration for specified digital services supplied by nonresident enterprises to Indian business users, especially online advertising; Indian resident payers and nonresidents with an Indian permanent establishment must deduct and remit the levy where aggregate receipts exceed the threshold. The regime prescribes payment timing, statement filing and processing, rectification of errors, interest on delayed remittance, penalties for failure to deduct or pay, appeals to tax appellate authorities, prosecution for false statements, and application of specified income tax recovery provisions. Articles Budget - Tax Proposals Tue, 08 Mar 2016 11:05:04 +0530 https://www.taxtmi.com/article/detailed?id=6732