sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19
 Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
 Delayed release of electronic ITR forms may compel CBDT to extend the filing deadline
 Trading volume linked to tax return?
 How to e-verify your income tax return? Here are five ways to do it
 Received an Income Tax notice? Here is what you can do

e-payment of direct taxes mandatory for corporates
March, 19th 2008
For the corporate sector in the country, electronic payment of direct taxes has become mandatory from April 1. This payment norm would also apply to tax audit assessees.

Official sources said that such category of taxpayers can make electronic payment through the Internet banking facility offered by any of the authorised banks. They also have the option of using credit or debit cards for making the e-payment.

The Finance Ministry has now issued the relevant executive order to make e-payment of direct taxes mandatory for corporates and tax audit assessees with effect from April 1. As of today, 22 banks are authorised to offer e-payment facility through Internet banking accounts.

Electronic payment is seen as a cleaner way to make payment and one could avoid paper work also. Currently, electronic payment is optional for income tax payers. This optional scheme was introduced in 2004.

Already assessees with Net banking accounts make their tax payments through the e-payment route. In fiscal 2006-07, the Government collected less than one per cent of its total direct tax collections of about Rs 2,29,272 crore through the e-payment mode.

For fiscal 2007-08, the Centre has pegged the revised estimate for direct taxes at about Rs 3,04,000 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions