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Finance Act fails to address industry concerns over equalisation levy

Experts say levy will cause compliance problems for taxpayers, having come so late. Companies will have to do a lot of adjustments in their own systems while trying to comply with this newly clarified

Topics
Finance Act | equalisation levy | e-commerce rules

Dilasha Seth & Indivjal Dhasmana  |  New Delhi 



Several global firms missed the July 7 deadline of depositing tax, expecting that the Indian government might review the levy

The government offered some relief on its contentious proposals on equalisation levy, through an amendment in the finance Bill, 2021. However, this did not satisfy industry.

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First Published: Wed, March 31 2021. 16:45 IST

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