tax payments

Procedure to pay OIDAR Service Tax via foreign banks by NTT Assessee

Service Tax - Procedure for online payment through foreign banks in respect of OIDAR Service Tax Payments by Non Taxable Territory (NTT) Assessees...

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All about E-payment of Indirect Taxes

Service Tax - E-payment of tax is a facility provided to the tax payers to make tax payments through internet using net-banking facility. Electronic Accounting System in Excise and Service Tax (EASIEST) is a web based payment gateway launched by CBEC in 2006/2007 enabling assessees to pay Central Excise Duties and Service Tax online. ...

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Senior Citizens not having Business Income exempt From Advance tax

Service Tax - In order to reduce the compliance burden of such senior citizens, it is proposed that a resident senior citizen, not having any income chargeable under the head “Profits and gains of business or profession”, shall not be liable to pay advance tax and such senior citizen shall be allowed to discharge his tax liability (other than TDS) ...

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Advance Tax Provisions, Payment Challan, e-payment Utility & Examples

Service Tax - As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of “advance tax”. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer....

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All about Online payment of Direct Taxes

Service Tax - An Assessee may have to pay Income-tax, Corporate tax (i.e., income-tax paid by a company),Tax deducted at source (TDS),Tax collected at source (TCS),Securities Transaction Tax (STT) ,Wealth-tax and other direct taxes like gift tax, expenditure tax, etc.In this article we discussed for whom online payment is Compulsory , what details is r...

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One Website for Online payment of all all Non-Tax Receipts

Service Tax - Finance Minister Shri Arun Jaitley inaugurates the Non-Tax Receipt Portal (NTRP); Portal provides a one-stop platform to citizens/corporates/other users for making online payment of Non-Tax Receipts to Government of India;...

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Advance Tax Payment Due date for December 2015 extended for taxpayers in Tamil Nadu and Puducherry

Service Tax - The last date of payment of December 2015 installment of advance tax for both corporate and non-corporate taxpayers in the State of Tamil Nadu and Union territory of Puducherry has been extended from 15.12.2015 to 31.12.2015 in view of unprecedented rainfall and floods in these areas....

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Electronic Mode of Payment- Who required to Pay Taxes online

Service Tax - Income Tax Rules provide that the following persons shall pay tax electronically (i.e. internet banking facility or through credit/debit cards) on or after the 1st day of August, 2008: i.  A company; and ii.  A person (other than a company), to whom the provisions of section 44AB of the Income-Tax Act 1961 are applicable. As […]...

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Direct Tax Collection during April-September 2014 increases by 15.00 percent

Service Tax - Gross Direct Taxes Collections during April-September of the Current Financial Year 2014-15 is up by 15.00 percent and stood at Rs. 3,46,144 crore as against Rs. 3,01,063 crore Collected during the same Period Last Year...

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Extend Challan correction mechanism to all type of tax payments – ICAI

Service Tax - Challan correction mechanism Considering the fact that several mistakes were being reported which occurred on account of wrong punching of data in the OLTAS by the banks, the CBDT introduced a new challan correction mechanism for paper based payments of income tax. The said system has been appreciated by the assessees. Since, inadvertent ...

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Advance Tax Payment Due date for December 2015 extended for taxpayers in Tamil Nadu and Puducherry

F.No.385/26/2015-IT(B) - (15/12/2015) - The last date of payment of December 2015 installment of advance tax for both corporate and non-corporate taxpayers in the State of Tamil Nadu and Union territory of Puducherry has been extended from 15.12.2015 to 31.12.2015 in view of unprecedented rainfall and floods in these areas....

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Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014

RBI/2013-14/535 DGBA.GAD.No.H - 5430/42.01.029/2013-14 - (26/03/2014) - Agency banks doing Government business alone will be permitted to present instruments in the Special Clearing on other participating banks. Other member banks of the Clearing House (including the presenting banks) are required to keep their inward clearing processing infrastructure open during the S...

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RBI and Bank Branches to remain open on September 14 -15, 2013

RBI/2013-2014/253 DGBA.GAD.No.H – 1739/42.01.029/2013-14 - (13/09/2013) - With a view to facilitate collection of advance taxes for Income Tax and Corporate Tax and meeting the probable rush of tax-payers, it has been decided in consultation with the Department of Financial Services, ...

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Special Clearing on September 14 and 15, 2013 to facilitate accounting of Income Tax

RBI/2013-2014/252 DPSS.CO.CHD.No. 630/03.01.03/2013-2014 - (13/09/2013) - These special clearings are exclusively for Government receipts and is in addition to the normal clearing operations conducted on September 14, 2013 (Saturday). ...

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Banks to accept tax payment on 29,30 & 31st March (full day with extended hours)

RBI/2012-13/453 DGBA.GAD.No.H - 5486/42.01.029/2012-13 - (21/03/2013) - Accordingly, it has been decided that all Agency banks shall keep the counters of their designated branches conducting Government business open (full day with extended hours) on March 29, 30 and 31, 2013 to facilitate receipt of Government taxes from members of public even at late hours....

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Recent Posts in "tax payments"

Procedure to pay OIDAR Service Tax via foreign banks by NTT Assessee

Procedure for online payment through foreign banks in respect of OIDAR Service Tax Payments by Non Taxable Territory (NTT) Assessees...

Read More
Posted Under: Fema / RBI |

All about E-payment of Indirect Taxes

E-payment of tax is a facility provided to the tax payers to make tax payments through internet using net-banking facility. Electronic Accounting System in Excise and Service Tax (EASIEST) is a web based payment gateway launched by CBEC in 2006/2007 enabling assessees to pay Central Excise Duties and Service Tax online. ...

Read More
Posted Under: Fema / RBI |

Senior Citizens not having Business Income exempt From Advance tax

In order to reduce the compliance burden of such senior citizens, it is proposed that a resident senior citizen, not having any income chargeable under the head “Profits and gains of business or profession”, shall not be liable to pay advance tax and such senior citizen shall be allowed to discharge his tax liability (other than TDS) ...

Read More
Posted Under: Fema / RBI | ,

Advance Tax Provisions, Payment Challan, e-payment Utility & Examples

As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of “advance tax”. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer....

Read More
Posted Under: Fema / RBI | ,

All about Online payment of Direct Taxes

An Assessee may have to pay Income-tax, Corporate tax (i.e., income-tax paid by a company),Tax deducted at source (TDS),Tax collected at source (TCS),Securities Transaction Tax (STT) ,Wealth-tax and other direct taxes like gift tax, expenditure tax, etc.In this article we discussed for whom online payment is Compulsory , what details is r...

Read More
Posted Under: Fema / RBI |

Hurry up and pay advance tax to avoid exorbitant interest later

The Government believes that the tax payers should discharge their income tax liability simultaneously while earning and expects you to Pay as your earn. This philosophy is implemented through two modes....

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Posted Under: Fema / RBI | ,

Get ready for shower of changes in Tax laws from 1st June 2016!

Arjuna, June month is the month of monsoon. Everyone would be keeping an eye towards rainfall from 7th June onwards. Now the government has made shower of various changes in tax laws this year. Only God knows that when rain will come and how much, but all these changes in tax laws will be effective from 1st June. So it is important that ...

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Posted Under: Fema / RBI | ,

One Website for Online payment of all all Non-Tax Receipts

Finance Minister Shri Arun Jaitley inaugurates the Non-Tax Receipt Portal (NTRP); Portal provides a one-stop platform to citizens/corporates/other users for making online payment of Non-Tax Receipts to Government of India;...

Read More
Posted Under: Fema / RBI |

Advance Tax Payment Due date for December 2015 extended for taxpayers in Tamil Nadu and Puducherry

F.No.385/26/2015-IT(B) (15/12/2015)

The last date of payment of December 2015 installment of advance tax for both corporate and non-corporate taxpayers in the State of Tamil Nadu and Union territory of Puducherry has been extended from 15.12.2015 to 31.12.2015 in view of unprecedented rainfall and floods in these areas....

Read More
Posted Under: Fema / RBI | ,

E-payment of income tax- an easy guide

Most of us are unaware about the payment of income tax online. We have to go to bank and deposit the tax which takes a lot of time. So here’s an easy guide to e payment of income tax online. To deposit the tax, please refer below mentioned steps: ...

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Posted Under: Fema / RBI |
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