Hello
I want to know applicability of equalization levy for the following services availed by us
1 digital subscripttion based in usa
2 subscripttion for magazine France
we wish to know that where these transactions attract provision of equalization levy
Menu
Equalization
Replies (2)
Quick Summary
Yes both are applicable for levy
If these transaction attracts tax withholding then no EL. Hence, you need to check whether the payment could be regarded as Royalty or not. If royalty, it should be TDS provision will get attracted and not EL
Recent Topics :
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
Related Topics :
CAclubindia
