TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Electronic Tax Payment Mandatory for Companies and Section 44AB Individuals Starting April 1, 2008</h1> The Income-tax (Fourth Amendment) Rules, 2008, issued by the Central Board of Direct Taxes, mandates electronic payment of taxes for certain entities from April 1, 2008. This requirement applies to companies and individuals subject to section 44AB of the Income-tax Act, 1961. Electronic payment methods include internet banking or using credit/debit cards. The term 'tax' encompasses interest and penalties as defined in section 2(43) of the Act. These rules were enacted under the authority granted by section 295(1) of the Income-tax Act, 1961, and became effective upon publication in the Official Gazette.
TaxTMI 
