https://www.taxtmi.com/acts?id=20553 The equalisation levy must be recalculated after correcting arithmetical errors, interest computed on the deductible sum, and the net payable or refundable amount determined after adjusting previously paid amounts; an intimation specifying the result must be sent within one year of the end of the financial year in which the statement was furnished, and refunds granted accordingly. The Board may establish a centralised processing scheme to expedite these determinations. en-us Mon, 29 Feb 2016 17:52:46 +0530 Mon, 29 Feb 2016 17:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20553 The equalisation levy must be recalculated after correcting arithmetical errors, interest computed on the deductible sum, and the net payable or refundable amount determined after adjusting previously paid amounts; an intimation specifying the result must be sent within one year of the end of the financial year in which the statement was furnished, and refunds granted accordingly. The Board may establish a centralised processing scheme to expedite these determinations. Act-Rules Bills Mon, 29 Feb 2016 17:52:46 +0530 https://www.taxtmi.com/acts?id=20553