Equalisation Levy: Origin, Scope, Issues & Discontinuation
As per the amendments proposed in the Finance Act, 2016, the Equalisation Levy (also known as Digital Tax) on online advertisements will not apply from April 1, 2025, onwards. This move is seen as an effort to ease trade tensions, especially with the United States, and align with global tax frameworks. Equalisation Levy is a direct tax introduced by the Government of India through the Finance Act, 2016.