TaxTMI 
TaxTMI 
EQUALISATION LEVY RULES, 2016
X X X X Extracts X X X X
X X X X Extracts X X X X
.... services and the amount of Equalisation levy, interest and penalty payable, and the amount of refund due, under the provisions of Chapter VIII of the Act shall be rounded off to the nearest multiple of ten rupees and, for this purpose any part of a rupee consisting of paise shall be ignored and thereafter if such amount is not a multiple of ten, then, if the last figure in that amount is five or more, the amount shall be increased to the next higher amount which is a multiple of ten and if the last figure is less than five, the amount shall be reduced to the next lower amount which is a multiple of ten. 4. Payment of Equalisation levy. Every assessee, who is required to deduct and pay equalisation levy, shall pay the amount of such levy to the credit of the Central Government by remitting it into the Reserve Bank of India or in any branch of the State Bank of India or of any authorised Bank accompanied by an equalisation levy challan. 5. Statement of specified services. (1) The statement of specified services required to be furnished under sub-section (1) of section 167 of the Act shall be in Form No. 1, duly verified in the manner i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....through electronic verification code. (2) The form of appeal referred to in sub-rule (1), shall be verified by the person who is authorised to verify the statement of specified services under rule 5, as applicable to the assessee. (3) Any document accompanying Form No.3 shall be furnished in the manner in which the Form No.3 is furnished. (4) The Principal Director General of Income-tax (Systems) shall- i. lay down the procedure for electronic filing of Form No.3; ii. lay down the data structure, standards and manner of generation of electronic verification code, referred to in sub rule-(2), for the purpose of verification of the person furnishing the said form; and iii. be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said form so furnished. 9. Form of appeal to Appellate Tribunal.- An appeal under sub-section (1) or sub-section (2) of section 175 of the Act to the Appellate Tribunal shall be made in Form No.4, and where the appeal is made by the assessee, the form of appeal, the grounds of appeal and the form of verification appended thereto shall....
X X X X Extracts X X X X
X X X X Extracts X X X X
....fession or a non-resident having a permanent establishment in India, who is required to deduct the equalisation levy from the amount paid or payable to a non- resident in respect of specified service (section 166 of the Chapter VIII of the Finance Act, 2016). 3. This Form is to be furnished and verified by- In case of an Individual or HUF, the person authorised to verify the return of income under section 140 of the Income-tax Act, 1961; (i) (ii) In case of company, Managing Director or Director or Principal Officer; (iii) In any other case; Principal Officer. To 110 FORM NO. 2 [See rule 7 of Equalisation levy Rules, 2016] Notice of demand under Chapter VIII of the Finance Act, 2016 EL-2 1. Status..... PAN..... a sum of Rs. This is to give you notice that for the financial year of which are given on the reverse, has been determined to be payable by you. 2. ............. details The amount should be paid to the Manager, authorised Bank or State Bank of India or Reserve Bank of India at within thirty days of the service of this notice. The previous approval of the Additional/ Joint Commissioner of ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Assessing Officer before the expiry of the period specified in paragraph 2. Any request received after the expiry of the said period will not be entertained in view of the specific provisions of section 220(3) of the Income-tax Act, 1961. FORM NO. 3 [See rule of 8 Equalisation levy Rules, 2016] Appeal to the Commissioner of Income-tax (Appeals) Designation of the Commissioner (Appeals) *No......... ..of Name and address of the appellant Permanent Account Number Financial year in connection with which the appeal is preferred Assessing Officer passing the order appealed against Details of order appealed against (a) Section and sub-section of Chapter VIII of the Finance Act, 2016, under which the order appealed against was passed (b) Date of order 123 4. 5. 45 EL-3 (c) Date of service of the notice of demand 6. Whether a statement has been filed for the financial year in connection with which the appeal is preferred Yes/No 6.1 If reply to 6 is yes, date of filing of statement 6.2 6.3 If reply to 6.2 is yes, then enter details whether equalization levy deducted on specified serv....
X X X X Extracts X X X X
X X X X Extracts X X X X
....: Total amount of consideration for specified services paid/credited by the assessee for the financial year referred to in item 4 Total amount of penalty levied by the Assessing Officer: for the financial year referred to in item 4 6. 7. The Assessing Officer passing the original order 8. 10. Section of Chapter VIII of the Finance Act, 2016 under which the Assessing Officer passed the order 9. Date of communication of the order appealed against Address to which notices may be sent to the appellant Address to which notices may be sent to the respondent 12. Relief claimed in appeal 112 11. : : : 1. RESPONDENT EL- -4 GROUNDS OF APPEAL 2. 3. 4.etc. Signed (Authorised representative, if any) I, information and belief. Verification Signed (Appellant) the appellant, do hereby declare that what is stated above is true to the best of my Verified today the Place day of Signed Notes: 1. The memorandum of appeal shall be in triplicate accompanied by two copies (at least one of which should be a certified copy) of the order appealed against, two copies of the re....