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of <h1>Challan 280: Essential for Accurate Income Tax Payments by Corporates and Non-Corporates, Requires PAN and Assessment Year Details.</h1> Challan 280 is used for the payment of income tax by both corporate and non-corporate entities. It facilitates the payment of advance tax, self-assessment tax, regular assessment tax, and tax on distributed income. The form requires details such as the taxpayer's Permanent Account Number (PAN), assessment year, and the type of payment being made. It is essential for taxpayers to fill out this form accurately to ensure proper credit of the tax paid to their account.
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