Introduce equalisation levy as part of Income Tax Act: Assocham

Source:EconomicTimes

NEW DELHI: Industry chamber Assocham today suggested the government to introduce the equalisation levy as part of Indian Income Tax Act itself and not as a separate chapter in the Finance Act as it would only increase cost of doing business. 

“Introducing equalisation levy separately under Finance Act and not incorporating it as a part of the existing Income Tax Act would only increase cost of doing business for Indian companies, as foreign companies would insist that this being a dom .. 

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