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Equalization

16 September 2021

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

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2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 16 September 2021

Yes both are applicable for levy

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JGM (Knowledge Sharer) (443 Points)
Replied 16 September 2021

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