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If you do not pay the amount within the period specified above, you shall be liable to pay
simple interest at one per cent for every month or part of a month from the date commencing
after the end of the period aforesaid in accordance with section 220(2) of the Income-
tax Act, 1961 read with section 178 of the Finance ...May 27, 2016
[PDF]Equalisation Levy - EY
www.ey.com/...Equalisation_Levy_Alert.../Template_Equalisation_Levy_Alert.pdf
1.
2.
Equalisation Levy. Fresh self-contained code on taxation of. Digital Ecommerce
transactions ... Thelevy would be under a separate self- contained code and is not part of
the income-tax law. Services Covered: The Equalisation Levy would be applicable at. 6%
on gross ... As the other services and therules relating to ...
[PDF]THE FINANCE ACT, 2016 NO. 28 OF 2016 An Act to give ... - CBEC
www.cbec.gov.in/htdocs-cbec/fin-act2016.pdf
1.
commencing on the 1st day of April, 2016, income-tax shall be charged at the rates
specified in Part I of the First ..... accordance with the rules contained in Part IV of the First
Schedule;. (d) all other words and ..... on which equalisation levy is deductible under the
provisions of Chapter VIII of the. Finance Act, 2016, and such ...
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