TMI BlogElectronic Mode of PaymentX X X X Extracts X X X X X X X X Extracts X X X X ..... Electronic Mode of Payment - News and Press Release Dated:- 28-11-2014 - News - Income Tax Rules provide that the following persons shall pay tax electronically (i.e. internet banking facility or th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rough 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are applicable. As per the report of Central Board of Excise and Customs (CBEC): i. With effect from 01.10.2014, it is mandatory for all Central Excise assesses and service provider/tax payer t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o electronically pay duty through internet banking. ii. E-payment of duty is mandatory for Accredited Clients Programme (ACP) importers paying duty of ₹ 1.00 lakh or more per Bill of Entry. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Further, Government in August 2011 had asked Public Sector Banks (PSBs), Financial Institutions (Fls) and Public Sector Insurance Companies (PSICs) to deal with payments to staff, vendors, supplier ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and disbursement of loans and payments towards instalments and investments only through direct credit to accounts. This was stated by Shri Jayant Sinha, MoS in the Ministry of Finance in written ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply to a question in the Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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