"E-payment of taxes mandatory from January" "E-payment of taxes mandatory from January" Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Top Headlines »

Open DEMAT Account in 24 hrs
ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal
GST Rule Changes for FY 2025 26
Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025
ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know
Shifted to new tax regime? Here are 5 investments you shouldn't drop
Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects.


« Revenue dept moves SC on Morgan Stanley judgment...	Maharashtra tops list of 7 States in VAT collections... »
"E-payment of taxes mandatory from January"

October, 26th 2007
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. Last year, about 24,063 e-returns were filed in Tamil Nadu, he said.