The Finance Act 2016, introduced equalization levy of 6% to be charged from amounts paid for specified services to a non-resident not having any permanent establishment in India. This equalization levy (EL) is independent of income tax provisions and is covered under Chapter VIII of the Finance Act 2016.
Read MoreAs per The Hon’ble Supreme Court’s decision in the lead case of Engineering Analysis Centre of Excellence Pvt. Ltd [TS-106-SC-2021] dated 2ndMar 2021, there is no TDS deductible u/s 195 for payment to non-residents for software purchases. However, DTAA with respective countries has to be considered.
Read MoreRCM or Reverse Charge Mechanism is a concept under which the receiver of the goods or any service is entitled to pay the tax instead of the supplier of goods and services.
Read MoreRTI stands for Right to information. In simple words, RTI gives the Right to the Indian residents to enquire about any piece of information, from the central of state government departments or offices.
Read MoreDisclaimer
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