E-payment of tax mandatory w.e.f 1-4-2008

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.

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