ePayment of TAX
This query is : Resolved
06 May 2008
Hi
Can a CA pay Taxes online on behalf of its Clients by opening a seperate bank account having Internet Banking Facility in that.
Thanks
Can a CA pay Taxes online on behalf of its Clients by opening a seperate bank account having Internet Banking Facility in that.
Thanks
06 May 2008
1.You can, if ;
a) You have a bank account with net-banking facility, and
b) Your bank is amongst the banks that provide the e- payment facility.
The conclusion drawn is that it is possible in your case as it satisfies one of the two conditions.
a) You have a bank account with net-banking facility, and
b) Your bank is amongst the banks that provide the e- payment facility.
The conclusion drawn is that it is possible in your case as it satisfies one of the two conditions.
07 May 2008
Another question is that in Taxman Journal Vol. 169 (April 19 – April 25, 2008) Page 18 a Circular by ITD in its point no.
2.iv. the transaction of e-payment should be reflected in the bank’s statement.
If a CA pay Taxes on behalf of the client from his bank account then the transaction should be reflected in the CA's bank account. In this situation can a CA pay taxes on behalf of the Client?
Thanks
2.iv. the transaction of e-payment should be reflected in the bank’s statement.
If a CA pay Taxes on behalf of the client from his bank account then the transaction should be reflected in the CA's bank account. In this situation can a CA pay taxes on behalf of the Client?
Thanks
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