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Interactive Tax

Equalisation levy under Finance Act 2016

[dropcap]S[/dropcap]ince 1 June, the country’s tax system has an equalisation levy on digital transactions in consonance with the initiative of the Organisation for Economic Co-operation and Development (OECD). It is aimed at addressing base erosion and profit shifting (BEPS). On 27 May, the Central Board of Direct Taxes (CBDT) had released rules on the newly introduced equalization levy on specified […]