Equalisation levy

This query is : Resolved 

06 July 2016 Equalisation Levy to be paid under which section??
Can anyone provide me the challan for payment of same??

06 July 2016 The challan No. is ITNS 285.
Equalisation levy is covered in Chapter VIII of Finance Act 2016.

06 July 2016 Thank You Very Much..Sir

06 July 2016 Under which head to be shown in books of accounts??

06 July 2016 Like TDS show it under liability while deducting and pay it against liability.

06 July 2016 Bu sir, reverse charge is also payable on advertising sevices rendered from Facebook

06 July 2016 Yes it is payable...............

06 July 2016 So i need to pay both levy and reverse charge on amount paid to facebook??

06 July 2016 Equalisation levy has to be deducted and paid.

06 July 2016 There is not any option of making payment less levy on fb payment portal..

06 July 2016 Contact fb if they are not agreeing for the deduction then you have to bear it.


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