« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Sebi clarifies on PAN use... Salaried to shell out more in tax... » Large service tax payers will go online July, 21st 2006 The revenue department has taken a decision that service tax assesses who pay Rs 50 lakh or more will have to pay online from September.    As per the present norms, corporates have to pay service tax on a monthly basis while non-corporates have to pay the tax quarterly.    Officials said though the revenue department had provided the facility to pay the tax online last year, there were very few takers.    The e-payment of the tax will help us build a database and check on the number of the large tax-payers who are filing the tax. While the income tax department is able to verify the number of stop-filers, there is no database to verify the same in case of service tax, they said.    Service tax expert J K Mittal said the move would facilitate early disbursement of credit to the tax payers directly into their bank accounts and chances of errors would be greatly reduced.    Under the new system, a challan would be generated online in which each tax-payer would have to fill his registeration or code number.    The e-payment of the tax would also help in correct entry of data as very often the data such as service tax code numbers, issued to every registered service tax payer is sometimes wrongly entered or wrongly read.