"E-payment of taxes mandatory from January"
Chennai, (PTI): E-payment of taxes for corporates and tax-payers coming under the provision of Section 44AB would be mandatory from January 1 next, C R Ravichandran, Chief Commissioner of Income Tax said.
Speaking at an awareness programme on e-filing and e-payment of direct taxes here today,he said Tamil Nadu stood fourth in the All India level in e-filing of returns.
"e-payment of taxes will be operational from January 1,2008. The facility of e-payment of taxes will be offered by five banks namely SBI, UTI, IDBI, HDFC and Union Bank of India. Tax-payers need to have a net banking account with the bank who is authorised for providing e-payment facility."
The Department of Income Tax has set up a full-fledged Help Centre to help facilitate assessees in e-filing, trouble shooting and resolving problems related to e-filing.
E-payment of taxes mandatory from January
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Recent News :
- CBDT Clarifies Tax Treatment of BSNL and MTNL VRS-2019 Compensation Under Section 10(10C)
- New RBI Export Rules Raise Paperwork Concerns for Freelancers and Small Businesses
- MCA21 V3 Portal Login Failures and Errors Disrupt Annual Return Filings for Professionals
- GST Reforms to Begin from 1st Nov 2026: Major Changes from April 2027
- Equity Tax Debate Intensifies as Investors Seek STT and LTCG Relief
- CBIC Appoints Common Adjudicating Authority for 7 Customs Notices Against Amway India
- GST Council Proposes Removing ITC Blocks to Reduce Business Tax Costs
- GST Council Proposes Simpler Compliance Amid Heavy Tax Payments and ITC Challenges
- CBDT Exempts Maharajah INR Bond Interest from TDS for Tax Year 2026-27 Onwards
- CBDT Notifies Form 173A for Tax Exemption Claims on Govt Securities Under Income Tax Act 2025
Popular News
- Tax Audit Extension Demand to 31st Oct 2026 Amid GST Relief and Court Rulings
- Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026
- ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
- TDS Challan for FY 2025-26 Valid for TY 2026-27 Under Cross-Year Utilisation Rules
- GSTN Introduces New e-Invoicing Facility for Reverse Charge Transactions: RCMDOM and RCMIMP Explained
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
