MANDATORY E-PAYMENT OF TAXES FOR CORPORATES FROM APRIL

Corporate taxpayers will have to mandatory pay taxes in e-mode from April 1 2008. This follows the successful implementation of e-filing of tax returns. Although the option of paying income tax through e- mode exists, it had not been made mandatory. Assesses who have to give audit reports will also have to make e-payment of taxes. Taxpayers can make e-payments through internet banking facilities offered by authorized banks or by way of credit or debit cards.