<h1>CBDT mandates electronic tax payments for companies and Section 44AB taxpayers from April 1, 2008. Includes TDS/TCS payments.</h1> The Central Board of Direct Taxes (CBDT) has mandated electronic tax payments for companies and taxpayers subject to section 44AB of the Income-tax Act, 1961, effective April 1, 2008. Circular No. 5 of 2008 clarifies that taxpayers can pay electronically from any account, provided the challan includes the taxpayer's PAN. The rule also covers payments for tax deducted at source (TDS) and tax collected at source (TCS). This move aims to simplify and streamline the tax payment process for the specified taxpayer categories.