https://www.taxtmi.com/highlights?id=79865 The 2% equalisation levy on consideration received by e-commerce operators for e-commerce supply or services will not be applicable from August 1, 2024. Income arising from e-commerce supply or services made, provided, or facilitated between April 1, 2020, and July 31, 2024, will be exempt from tax u/s 10(50) of the Income Tax Act, subject to certain conditions. The amendments aim to address ambiguity and compliance burden concerns regarding the equalisation levy's scope. en-us Sun, 28 Jul 2024 12:48:58 +0530 Sun, 28 Jul 2024 12:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79865 The 2% equalisation levy on consideration received by e-commerce operators for e-commerce supply or services will not be applicable from August 1, 2024. Income arising from e-commerce supply or services made, provided, or facilitated between April 1, 2020, and July 31, 2024, will be exempt from tax u/s 10(50) of the Income Tax Act, subject to certain conditions. The amendments aim to address ambiguity and compliance burden concerns regarding the equalisation levy's scope. Highlights Bill Sun, 28 Jul 2024 12:48:58 +0530 https://www.taxtmi.com/highlights?id=79865