E-PAYMENT IS NOW MANDATORY
The optional scheme of electronic
payment of taxes for income-tax
payers was introduced in 2004. With
a view to expand the scope of
electronic payment of taxes, it is
proposed to make the scheme
mandatory w.e.f. 1st April, 2008 for
the following categories of taxpayers:-
- All corporate assesses;
- All assesses (other than company) to whom provisions of section 44 AB of the Income Tax Act, 1961 are applicable:
Tax-payers can make electronic
payment of taxes through the internet
banking facility offered by the
authorized banks with an option to
make electronic payment of taxes
through internet by way of credit or
debit cards
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