TaxTMI 
TaxTMI 
TaxTMI 
EQUALISATION LEVY RULES, 2016
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....t 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 indicated therein, and may be furnished by the assessee in the following manner, namely:- (i)....
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....ised 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 be signed by the person specified in Form No.4, as applicable to the assessee. [F. No. 370142/12/2016-TPL] (Lakshmi Narayanan) Under Secretary (Tax Policy and Le....
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.... 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 Income-tax has been obtained for allowing a period of less than 30 days for the payment of the above sum. A challan is enclosed for the purpose of payment. 3. If you do not pay the amount within the period specified above, you shall be liable to pay simple interest at one per cent for every month or part of a month from the date commencing after the end of the period aforesaid in accordance with section 220(2) of the Income-tax Act, 1961 rea....
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....e 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 services has been paid Yes/No BSR Code Date payment of Sl. No. Amount 7. 7.1 **Whether an appeal in relation to any other financial year is pending in the case of the appellant with any Commissioner (Appeals) If reply to 7 is yes, then give following details: - (a) Commissioner (Appeals), with whom the appeal is pending; (b) Appeal No. and date of filing of appeal; (c) (e) Financial year in connection with which the appeal has been preferred; (d) Assessing Officer passing the order appealed against; Section and sub-section of Chapter VIII of the Finance Act, 2016, und....
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....fication 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 relevant order of the Assessing Officer, two copies of the grounds of appeal before the first appellate authority, two copies of the statement of facts, if any, filed before the said appellate authority. 2. The memorandum of appeal by an assessee under sub-section (1) of section 175 of Chapter VIII of Finance Act, 2016 shall be accompanied by a fee of one thousand rupees. 3. The fee shall be credited in a branch of the authorised Bank or a branch of the State Bank of India or a branch of the Reserve Bank of India after obtaining a challan and the triplicate challan shall be sent to the Appellate Tribunal with a memorandum of appeal. The Appellate Tribunal shall not accept cheques, drafts, hundies or other negotiable instruments. 4. The memorandum of appeal shall be written in English or, if the appeal is filed in a Bench located....