As per latest Notification No.31/2009 dated 25/03/2009 issued by CBDT, it is mandatory to pay TDS / TCS by online.
However as per Maharashtra Co-Operative societies Act, 1960, Any Co-Operative Societies are not permitted to operate Bank other than District Bank or Maharashtra State Co-Op. Bank Ltd.
My Query is :
(1) These Banks are not having such online payment Facility.
How Co-Operative Sector Pay Taxes.?
(2) Whether CA’s are permitted to open their own A/c in Bank and collect TDS amount
from client and Pay Tax by online on behalf of such Co-Operative Society?
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