1 / 20

How to file Form- 1 (equalization levy) in new income-tax portal ?

On or before the 30th of June immediately following the financial year, the statement in Form No.1 in respect of all the specified services chargeable to the equalization levy must be given. <br>The equalization levy would be 6% of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment ('PE') in India, from an Indian resident carrying on business or profession, or from a non-resident having a permanent establishment in India.

vkagrawalassociates
Download Presentation

How to file Form- 1 (equalization levy) in new income-tax portal ?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Form- 1(equalization levy) VINOD K AGRAWAL & ASSOCIATES, CA

  2. WHAT IS FORM-1 (EQUALISATION LEVY) ? • A new chapter viii, titled ‘Equalization levy,' has been added to the finance bill, which will take effect on June 1, 2016, and will provide for an equalization levy of 6% of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment (‘PE') in India, from a resident in India who carries on business or profession, or from a nominated person in India.

  3. STEP-1 – visit the incometax.gov.in

  4. 2. Login with User ID

  5. 3. Enter your Password

  6. 4. Click on the File Income Tax Forms

  7. 5. Here you will see all the forms available to you, click on the Form-1 (Equalization levy)

  8. 6. Choose the Financial year & click continue

  9. 7. Click on “let’s get started”

  10. 8. Fill all the details given below

  11. After filling all the details you will receive the successfully message

  12. THANKYOU For more details contact us through: https://cavkagrawal.business.site/ VINOD K AGRAWAL & ASSOCIATES, CA

More Related