TaxTMI 
TaxTMI 
As per recent CBDT notification 34/2008 dt 13-03-2008, tax by all specified persons shall be paid electronically only wef 01-04-08. Whether this notification would applly to deposit of TDS also.
Notification 34/2008
19 Mar 2008 
2 Replies 
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Electronic tax payment requirement does not extend to amounts deducted at source under the notification's wording.
The notification requires specified persons to pay tax electronically, but its wording limits "tax" to amounts as defined and does not expressly include sums deducted at source; therefore payments of amounts withheld under income-tax provisions are not covered by the electronic-payment mandate. (AI Summary)
The notification requires specified persons to pay tax electronically, but its wording limits "tax" to amounts as defined and does not expressly include sums deducted at source; therefore payments of amounts withheld under income-tax provisions are not covered by the electronic-payment mandate. (AI Summary)