e payment of tax
This query is : Resolved
01 April 2008
Respected Colleagues,
We all know that e payment is now compulsory from 1st April for companies and assessee which is cover u/s 44AB.
My query is that whether its necessary to pay tax from their own a/c ? Means can't we make one separate a/c for our client and can pay all the taxes from this a/c ?
Also tell whether e payment can be done by credit card/debit card? its YES then how it can be?
Please guide me ,
Thanks in Advance,
CA Pranesh Agrawal
Surat
We all know that e payment is now compulsory from 1st April for companies and assessee which is cover u/s 44AB.
My query is that whether its necessary to pay tax from their own a/c ? Means can't we make one separate a/c for our client and can pay all the taxes from this a/c ?
Also tell whether e payment can be done by credit card/debit card? its YES then how it can be?
Please guide me ,
Thanks in Advance,
CA Pranesh Agrawal
Surat
08 April 2008
1. as on 8th April 2008 thereis no facility of payment by debit or credit card.
2. As a C.A.we can make payment on bahalf of our client, through maitanance of separate account and at present certain C.A.firms are following same practice . however care should be taken while accepting cash for deposit as same may be treated as acceptance of deposit in cash by revenue authorities.
2. As a C.A.we can make payment on bahalf of our client, through maitanance of separate account and at present certain C.A.firms are following same practice . however care should be taken while accepting cash for deposit as same may be treated as acceptance of deposit in cash by revenue authorities.
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