Collection and recovery of equalisation levy on specified services.

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Full Text of the Document

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....red to as assessee) shall deduct the 1[equalisation levy referred to in sub-section (1) of section 165] from the amount paid or payable to a non-resident in respect of the specified service at the rate specified in section 165, if the aggregate amount of consideration for specified service in a previous year exceeds one lakh rupees. (2) The equalisation levy so deducted during any calendar month ....