"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 2025: These individuals are exempt from paying tax. Do they need to file returns?
Full List Of Trump's Reciprocal Tariffs Announced Wednesday
Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025
5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025
March 15 is deadline for last advance tax installment: Know if you must pay


« 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.