E payment of tax

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2013 Dear Sir,
whether the epayment of tax is mandatory for audit cases or it can be deposit by manual challan.

Please clarify.

Ganeshbabu K

Ganeshbabu K (Expert)
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24 August 2013 It can be deposited manuall challan also ,,

No restriction that you have pay tax online

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2013 Actually I have heared on trace helpline that e payment is mandatory for certain tax payers.

Ganeshbabu K

Ganeshbabu K (Expert)
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24 August 2013 Please provide me a link to relavant place where it is suggested to do so

in case of tds it is correct

It is mandatory for the following types of assesses to pay tax online with effect from April 1,2008.

a) All the corporate assesses.
b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2013 That menas, Assessee who required to get audited u/s 44AB shall deposit tds online but self assessment tax is not mandatory to pay online?

Ganeshbabu K

Ganeshbabu K (Expert)
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24 August 2013 Sorry for my wrong interpretation it is applicable to self assessment tax also

so above conditions specified persons should mandatorly required to pay tax online only

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2013 but in first reply you have said that tax can be deposited manually even in audit cases.

Ganeshbabu K

Ganeshbabu K (Expert)
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24 August 2013 NOTIFICATION NO. 34/2008, DATED 13-3-2008

Mandatory to pay online for all corporates, and those assesse subject to audit under 44ab

not only tds but also self assessment tax

Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2013 In AY 2012-13, In one of the audit case selfassessment tax was Rs. 3500/-, which we have deposited via cheque and cpc has considered it as self assessment tax.

Ganeshbabu K

Ganeshbabu K (Expert)
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25 August 2013 Department prescribed mode of payment of self assessment tax inrespect of specified persons,
.
.
in the same way just because they paid tax manual department cannot ignore tax paid by asses
.
.
it is better to follow recommendations

Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2013 What are the consequance if assessee deposits it manually.

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