Equalisation levy
This query is : Open
Harikrishna
(Querist)
20 March 2017
Harikrishna:
Friends doubt
Regarding equalisation levy
The assesse need to file any form?
Like ITR?
Or genearating challana id fine?
CA Shubhanshu Jain
(Expert)
21 March 2017
Yes, As per Rule 5 of Equalisation levy rules, 2016 as notified by CBDT by way of notification no. 38/2016, every assessee required to deduct and pay equalisation levy shall also required to furnish statement under Form No.1 duly verified (either by using digital signature or electronic verification code). Statement under Form No.1 shall be furnished on or before 30th June immediately following that previous year. For Eg :- for F.Y 2016-17 Last date of submitting statement under Form No. 1 is 30th June 2017.
I hope this will resolve your query
I hope this will resolve your query
Harikrishna
(Querist)
03 April 2017
thanks sir
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