CA, CS, CMA - In India, tax payments play a vital role in supporting the country’s economic development. With the advancement of technology, the Indian government has introduced various online payment systems to make the process more convenient and efficient for taxpayers. One such method is the Electronic Secured Bank and Treasury Receipt (ESBTR...
Read MoreCA, CS, CMA - 1. There are mainly four types of GST: IGST: Integrated Goods and Service Tax is collected by central government for the transactions between states or a state and union territory ie., interstate. The benefits are shared by the central and state. CGST: Central Goods and Service Tax is collected by the central government for the transacti...
Read MoreCA, CS, CMA - While e-pay Tax is selected the assessees are given two options; ONE for tax payment through (i) Net Banking (ii) Debit Card (iii) Over the Counter (iv) NEFT/RTGS (v) Payment Gateway for 18 Banks, which are listed, or otherwise the assessees are directed to go to Protean (previously NSDL) tax payment page for other Banks. […]...
Read MoreCA, CS, CMA - Q.1. Who can download CSI (Challan Status Inquiry) file? Ans. Only TAN users can download a CSI file using TAN as user ID. Q.2. How can I download the CSI (Challan Status Inquiry) file? Ans. You can Download the CSI file by following below mentioned steps: Step:1 Login to e-Filing portal using TAN as User ID. […]...
Read MoreCA, CS, CMA - As per section 208 every person whose estimated tax liability for the year exceeds Rs. 10,000, shall pay his tax in advance in the form of advance tax. Thus, any taxpayer whose estimated tax liability for the year exceeds Rs. 10,000 has to pay his tax in advance by the due dates prescribed in this regard....
Read MoreCA, CS, CMA - Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal- HDFC Bank, Punjab & Sind Bank and State Bank of India have been migrated from OLTAS e-Payment of Taxes at NSDL to e-Pay Tax facility at the e-Filing portal for payment of taxes wef 01.04.2023 and RBL Bank is added […]...
Read MoreCA, CS, CMA - 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 MoreCA, CS, CMA - 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 MoreCA, CS, CMA - 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 […]...
Read MoreCA, CS, CMA - 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...
Read MoreF.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 MoreRBI/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...
Read MoreRBI/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, ...
Read MoreRBI/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). ...
Read MoreRBI/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....
Read More