Every person being resident Indian who carries-out the business/profession or a non-resident who has a permanent establishment in India shall deduct equalization levy from the amount paid/payable to a non-resident in res
CS Executive · Tax Laws · PYQS · December 2019
Every person being resident Indian who carries-out the business/profession or a non-resident who has a permanent establishment in India shall deduct equalization levy from the amount paid/payable to a non-resident in respect of specified services @ __________ whereas the aggregate amount of consideration for specified services in the previous year exceeds __________ .
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax Act, 1961
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