Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Rule 5 clarifies Form 1 e-filing, deadlines and revision process for Equalisation Levy statements under section 167.</h1> Rule 5 of the Equalisation Levy Rules, 2016 prescribes that the statement of specified services or e-commerce supply or services under section 167(1) or (2) of the Act must be furnished in Form No. 1, duly verified, either electronically under digital signature or through electronic verification code. For statements under section 167(1), Form No. 1 must be filed on or before 30 June following the relevant financial year. The Principal Director-General or Director General of Income-tax (Systems) must prescribe procedures for electronic filing, data structure and verification codes, ensure security, archival and retrieval of data, and specify the manner of furnishing revised statements under section 167(2).