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 @ where the aggregate amount of consideration for specified services in the previous year exceeds X
A. 8%, ₹ 10,00,000
B. 8%, ₹ 1,00,000
C. 6%, ₹ 1,00,000
D. 10%,₹ 1,00,000
Answer:C
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 @ where the aggregate amount of consideration for specified services in the previous year exceeds X
A. 8%, ₹ 10,00,000 B. 8%, ₹ 1,00,000 C. 6%, ₹ 1,00,000 D. 10%,₹ 1,00,000