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
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 September 2021
Yes both are applicable for levy
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
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