Equalisation

Govt extends interest equalization scheme by two months for MSME exporters

Ashwani Kumar, president of the Federation of Indian Export Organisations (FIEO), expressed disappointment for exporters who are exporting products under 410 tariff lines

Equalisation levy: Objective, Budget proposal and impact

The provision of an equalisation levy has rattled the Industry. Many businesses are planning to move court over the changes proposed in the Budget. In an exclusive interview with Business Standard’s Dilasha Seth, former CBDT member Akhilesh Ranjan, who was instrumental in the introduction of equalisation levy in 2016, explain in detail the objective of the levy and why it is needed. Watch the video.

Equalisation levy posts 35% growth; overall tax collection remains muted

Direct tax, net of refunds, contracted by 24 per cent as of October 8 to Rs 3.66 trillion compared with Rs 4.8 trillion in the corresponding period last year.

Equalisation Levy: Govt not considering deadline extension for tax

The 2 per cent Equalisation Levy was introduced in the 2020-21 Budget and has come into effect from April 1, 2020

Equalisation levy warrants public debate

"The levy has a significant cost potential, disturbs the tax treaty framework, and could also lead to litigation"