Eualisation levy and department

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ARTICLE
752 Points Posted on 07 May 2021
how will department intimate assessee about eualisation levy payable or refundable?? it will be included under section 143(1)???
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On 07 May 2021 at 15:58 Report
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This discussion clarifies how the department will notify taxpayers regarding their Equalisation Levy obligations, whether payable or refundable. It confirms that this process will be handled under Section 143(1) of the Income Tax Act. Furthermore, it touches upon the procedure for claiming any refunds due, suggesting it will follow standard income tax rules.

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Chartered Accountant
24588 Points Posted on 07 May 2021
Yes under 143(1)
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On 07 May 2021 at 16:55
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ARTICLE
752 Points Posted on 07 May 2021
Okay...thanks...and refund will be claimed as per income tax rules...right??
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On 07 May 2021 at 17:11
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Chartered Accountant
24588 Points Posted on 07 May 2021
It might be please make sure with others also
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On 07 May 2021 at 17:59
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ARTICLE
752 Points Posted on 07 May 2021
Okay...thanks...will clarify with someone else
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On 07 May 2021 at 19:01
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Chartered Accountant
24588 Points Posted on 07 May 2021
Your welcome
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On 07 May 2021 at 19:06

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