5.  Statement of specified services.  

(1) The statement of specified services required to  be furnished under sub-section (1) of section 167 of the Act shall be in Form No. 1, duly verified in the manner indicated therein, and may be furnished by the assessee in the following manner, namely:-

(i) electronically under digital signature; or

(ii) electronically through electronic verification code.

(2) The statement in Form No.1 in respect of all the specified services chargeable to equalisation levy during any financial year shall be furnished on or before the 30th June immediately following that financial year.

(3) The Principal Director-General of Income-tax (Systems) shall, for the purpose of  ensuring secure capture and transmission of data, lay down the specific procedures,  formats and standards and shall also be responsible for evolving and implementing  appropriate 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).