Finance Equalisation levy 2.0: Scope, nuances, other details Updated : June 04, 2020 09:22 AM IST Just as India was bracing for an imminent lockdown in the wake of the COVID-19 spread, the government quietly, perhaps without realization, opened a new epoch in the field of taxation in India. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.