Penal provision for non compliance with E PAYMENT of taxes

2194 views 6 replies

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.

Replies (6)

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

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

try this link

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

 

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..

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

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.
"

RS 1 lakhs is minimum liab
 

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