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Companies and all assessee for whom tax audit u/s 44AB is mandatory are now required to file tax ONLINE only. Read the press release which is self explanatory.
No.402/92/2006-MC (05 of 2008)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated the 23rd January 2008
PRESS RELEASE
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 for the following categories of tax-payers:-
(i) All corporate assesses;
(ii) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act are applicable.
2. The scheme of mandatory electronic payment of taxes for income-tax payers is proposed to be made applicable from 1st April, 2008.
3. Tax-payers can make electronic payment of taxes through the internet banking facility offered by the authorized banks. They will also be provided with an option to make electronic payment of taxes through internet by way of credit or debit cards.
ePayment Of Tax Now Mandatory!
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1. Is it in Act or Just Press Notification.
2. What is the authority for press notification.
3. What are the penal consequences if Tax is paid in a bank.
4. Is indian sub urban asse./auditors are ready for this epayment.
5. In which banks Direct Taxes Payment is allowed with out any day limit.
CA K Rajendra Prasad
krprasad123@gmail.com
Thanks for the information.