TaxTMI 
TaxTMI 
Facility of payment of direct taxes through all branches of State Bank of India and other authorised banks by cash/cheque/draft
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....inconvenience. They were required to travel long distances particularly in metropolitan cities and also experience other avoidable difficulties. 2. With the major objective of providing greater citizen satisfaction, a new scheme was introduced with effect from April 1, 1976 initially at 8 metropolitan cities namely: Ahmedabad, Bangalore, Calcutta, Bombay, Delhi/New Delhi, Hyderabad, Kanpur and Madras. The number of points at which payments of direct taxes could be made, were considerably increased. In addition to the Reserve Bank of India and the State Bank of India, the branches of 2 to 3 public sector banks were authorised at each of these 8 cities to accept payment of direct taxes. With effect from November 15, 1976, this scheme was e....
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....ard or circle, major classification head and Permanent Account Number should invariably be indicated in the challans presented to the bank. Wherever applicable, tax and surcharge should be shown separately in the space allotted for this purpose in the relevant challan. Taxpayers would get receipted copies of the challans in proof of payment from the branch of the bank at which the payment is tendered. 7. A list showing the names of public sector banks which will collect direct taxes from April 1, 1977 at various places where the income-tax offices are situated is reproduced below. 8. In view of the large increase in the number of receiving points under the present scheme at each of the places where the income-tax offices are situated,....
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....bsp; of Goa) : a. Bangalore Canara Bank Syndicate Bank b. Other places State Bank of Mysore Canara Bank Kerala State Bank of Travancore Canara Bank Madhya Pradesh State Bank of Indore Central Bank of India Maharashtra : a. Bombay Bank of Baroda Bank of India Central Bank of India b. Other places Bank of Maharashtra Bank of India Orissa United Commercial Bank Bank of India Punjab Punjab National Bank State Bank of Patiala Rajasthan State Bank of Bikaner and Jaipur Punjab National Bank Tamil Nadu (including Union ....
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....e duty, expenditure tax, etc., directly into the Reserve Bank of India, State Bank of India/Government Treasuries. For their convenience, it has now been decided that the payment tendered by crossed cheques will hereafter be accepted in the income-tax offices. 2. The taxpayers are, however, requested to conform to the following procedure which having regard to the banking provisions and need for proper accounting has been devised in their own interest: 1. All payments must be made by crossed cheques. 2. In the cities of Bombay, Calcutta, Madras, New Delhi, Kanpur, Bangalore and Nagpur where the Government business is transacted by the Reserve Bank of India, cheques should be drawn payable to (i) The Reserve Bank of India or (ii) Th....