Hello Everyone,
I had a query regarding Equalization Levy.
We comply with the applicable provisions of deducting the requisite amount of EL before making payments to the vendors and deposit the same within the due date. Vendor is requesting EL tax paid receipt or certificate as a proof that we have paid the same to the tax authorities (this is similar to the TDS certificates that we issue to the vendors in India). So is there any certificate with respect to EL taxes?
Appreciate your early response.
CAclubindia
