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    <description>Form No. 1 requires persons subject to the equalisation levy-either an Assessee required to deduct levy on specified services or an E commerce Operator required to pay levy on e commerce supplies-to report filer identification, financial year, total consideration, computed equalisation levy, amounts deducted and paid, payable/refundable balance, interest payable/paid, and to provide transactional particulars and treasury deposit details. The form mandates verification by an authorised officer or Principal Officer and incorporates statutory definitions and the Notification No. 87/2020 substitution.</description>
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