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Equalisation Levy on online advertisement (FA 2016):
A8%
B2%
C6%
D10%
Answer & Solution
Correct answer: C. 6%
1. EL at 6% on consideration for online advertisement/digital ad space provided by non-resident to Indian business.
2. Indian payer withholds; failure leads to disallowance under Section 40(a)(ib).
3. The 2% e-commerce EL (FA 2020) was WITHDRAWN from 1 August 2024.
_Source: ICAI BoS CA Final Paper 7, Ch 9 "Assessment of Various Entities"_
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