TMI BlogEQUALISATION LEVY RULES, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... 2016. (2) They shall come into force on the 1st day of June, 2016. 2. Definitions . In these rules, unless the context otherwise requires,- (a) Act means the Finance Act, 2016 (28 of 2016) ; (b) Form means Forms appended to these rules. 3. Rounding off of consideration for specified services, equalisation levy, etc. The amount of consideration for specified services and the amount of Equalisation levy, interest and penalty payable, and the amount 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... priate security, archival and retrieval policies in relation to furnishing the statement under sub-rule (1). Explanation: For the purposes of this rule electronic verification code means a code generated for the purpose of electronic verification of the person furnishing the statement of specified services as per the data structure and standards laid down by the Principal Director- General of Income-tax (Systems). 6. Time limit to be specified in the notice calling for statement of specified services. Where an assessee fails to furnish the statement within the time specified in sub-rule (2) of rule 5, the Assessing Officer may issue a notice to such person requiring him to furnish, within thirty days from the date of service of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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