Equalisation Levy

Taxation issues of E-commerce transactions are dealt in :-

• OECD Action Plan 4 of BEPS

• OECD Action Plan 2 of BEPS

• OECD Action Plan 6 of BEPS

• OECD Action Plan 1 of BEPS

Failure to pay equalisation levy deducted by the assessee

would result in penalty :-

• Rs 1000 per day during which the failure continues

• Equivalent to amount of equalization levy which was not

  deducted

• Both A and B

• None of the above

Assessee who failed to pay equalisation levy shall be

required to pay simple interest @ :-

• 50% per month for every month or part of month

• 1% per month for every month or part of month

• 2% per month for every month or part of month

• 50% per month for every month or part of month

Equalization levy deducted in the month of June 2023,

shall be deposited till :-

• June 27, 2023

• June 30, 2023

• July 7, 2023

• June 15, 2023

An Indian company would be liable to deduct

equalization levy when it has to make payment of :-

• Rs 99,000 each for online advertisement to 10 foreign

  companies

• Rs 2,00,000 each for online advertisement to 5 foreign

  companies

• Rs 50,000 each for online advertisement to 10 foreign

  companies

• All of the above

An Indian company would be liable to deduct

equalization levy when it has to make payment of :-

• Rs 99,000 during the FY for online advertisement to non-

  resident

• Rs 5,00,000 during the FY for online advertisement to non-

  resident

• Rs 50,000 during the FY for online advertisement to non-

  resident

• All of the above

Equalization levy shall not be charged where the aggregate

amount of consideration for advertisement services received

or receivable by the non-resident is ..............during the year:-

• Rs 1 lakh or less

• Rs 10 lakh or less

• Rs 1 crore or less

• Rs l lakh or more

Equalisation levy will be charged by :-

• Every resident who has taken online advertisement services

  for his personal purposes

• Every resident who has taken online advertisement services

  for his business

• Non-resident having PE in India which has taken services for its

  business in India

• Both B and C

ABC Ltd(NR having no PE in india ) Receives consideration

of 2,50,00,000 for E-Com service provided to Mr X

(Resident). Consideration regarding Royalty amount is Rs

3,00,000 . The amount of Equalisation Levy chargeable is :-

• 5,00,000

• 5,06,000

• 15,00,000

• 15,18,000

Advertisement services provided by Indian advertisement

agency :-

• Are liable to Equalisation Levy

• Are liable to TDS u/s 194 I

• Are not liable to Equalization levy

• None of the above