LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Return for tds on equilisation

Neha Shah (Accountant) (25 Points)

06 June 2017

What is the procedure to file Return for TDS deducted for payment to Facebook @ 6% (TDS on Equilisation). The due date is 30-06-2017. But do not know the procedure and the forms to file online for.the same.

Reply
Follow
Share

9 Replies

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 06 June 2017

ITNS285 Challan for the payment of equalisation levy

Neha Shah (Accountant) (25 Points)
Replied 06 June 2017

TDS is already deposited vide ITNS 284 Challan from Aug-2016. However we do not know the procedure and the forms for filing the Return for the same.

Sanjay S (Chartered Accountant) (1375 Points)
Replied 06 June 2017

Due Date of Depositing Equalisation Levy

Due Date of depositing Equalisation levy to the account of Central Govt by the 7th day of the Month immediately following the said calendar Month.

Due Date of Furnishing Equalisation Levy Statement (Form-1)

Due Date of Furnishing Equalisation levy Statement is on or before 30th June of Financial Year ended. (after the end of Financial Year assessee has to submit Form-1 on or before 30th June or within prescribed time as the case may be.)

Revision or Late Submission of Form-1

If assessee failed to furnish statement within time or had furnish wrong and now want to revise the same he can upload belated return or revise return at any time before the expiry of two years from the end of financial year in which specified services was provided.

1 Like

Neha Shah (Accountant) (25 Points)
Replied 06 June 2017

its ITNS 285 and not ITNS 284

Poltu Ghosh (Job) (1865 Points)
Replied 06 June 2017

Go to incometaxindiaefiling website.

Log on to your account.

Then go to menu titled "eFile"

Select "Prepare and submit online form (Other than ITR)"

In the label titled "Form Name" Select - "Form No. 1 Statement .........." and then proceed.

kanika agrawal (student) (2 Points)
Replied 28 September 2017

I have not filed form 1 till 30th june. So whether penalty of 100 rs. Per day has to be paid before fiiling statement or it will be attracted only when AO issues show cause notice