India: Finance Bill 2025 (No. 7) including provisions for abolition of Equalisation Levy on digital advertisement services and reporting obligations for crypto-assets was adopted by Council of States
Description
Finance Bill 2025 (No. 7) including provisions for abolition of Equalisation Levy on digital advertisement services and reporting obligations for crypto-assets was adopted by Council of States
On 27 March 2025, the Council of States (Rajya Sabha) of the Parliament of India (Bharatiya Sansad) adopted the amended Finance Bill, 2025 (No. 7). The endorsement of the Bill by the Rajya Sabha completed the parliamentary process and enabled the Bi…
Scope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
online advertising provider, platform intermediary: user-generated content, platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2025-02-01
under deliberation
2025-03-25
under deliberation
2025-03-27
adopted
2025-03-29
adopted
2025-04-01
in force