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Penal provision for non compliance with E PAYMENT of taxes

CA. Arul Mozhi Varman (Consultant) (286 Points)

27 June 2008

All Companies, Tax Audit Assessees shall pay taxes in electronic mode from 01/04/2008. All of us know this.

My query is

What will be the consequence if one is not complying this?
Is there any explicit penalising provision?
If yes, kindly provide the details.

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6 Replies

(Guest)

finance bill 2008 has introduced a penalty to pay tax electronically where applicable, with a maximum of Rs 5000/ per failure.

VNS Sarma, Advocate (Tax Consultant & Advocate) (123 Points)
Replied 01 July 2008

How to get my PAN details, If I have my PAN ?

CA Rajesh S (Chartered Accountant) (1581 Points)
Replied 02 July 2008

try this link

https://incometaxind iaefiling. gov.in/knowpan/ knowpan.do

Sunali (Learner) (1317 Points)
Replied 01 September 2008

Originally posted by :CA Rajesh S
"	try this link https://incometaxind iaefiling. gov.in/knowpan/ knowpan.do	"

but the given link gives the PAN no. on submitting the respective details..

TR Nagaraja (Consultant) (209 Points)
Replied 15 November 2008

finance bill 2008 has introduced a penalty to pay tax electronically where applicable, with a maximum of Rs 5000/ per failure.

vaibhav (CA & CS) (577 Points)
Replied 16 November 2008

Originally posted by :Arul
"	All Companies, Tax Audit Assessees shall pay taxes in electronic mode from 01/04/2008. All of us know this. My query is What will be the consequence if one is not complying this? Is there any explicit penalising provision? If yes, kindly provide the details.	"