Mandatory electronic tax payment: banks must refuse physical challans from covered taxpayers and provide immediate e-payment acknowledgements. Mandatory electronic payment applies to company taxpayers and persons subject to tax-audit eligibility; banks must refuse physical challans from corporate assessees and accept the taxpayer's assertion of eligibility for e-payment without demanding proof. Banks must provide immediate on-screen acknowledgement, record the e-payment transaction identifier in bank statements, display contact persons on e-payment gateways, and supply IT department and depository with officials' contact lists to assist with any payment issues.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mandatory electronic tax payment: banks must refuse physical challans from covered taxpayers and provide immediate e-payment acknowledgements.
Mandatory electronic payment applies to company taxpayers and persons subject to tax-audit eligibility; banks must refuse physical challans from corporate assessees and accept the taxpayer's assertion of eligibility for e-payment without demanding proof. Banks must provide immediate on-screen acknowledgement, record the e-payment transaction identifier in bank statements, display contact persons on e-payment gateways, and supply IT department and depository with officials' contact lists to assist with any payment issues.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
