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August 2008

Clarifications from CBDT regarding e-payment of taxes — Circular No. 5/2008, dated 14-7-2008.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
Reading Time 1 mins
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Part A : DIRECT TAXES


55 Clarifications from CBDT regarding
e-payment of taxes — Circular No. 5/2008, dated 14-7-2008.

It has been clarified by the Board that in instances where
the taxpayer does not have a bank account, taxes can be paid from some other
person’s bank account. However, the challan should clearly reflect the PAN of
the person whose tax has been paid. Further, it has been clarified that the
rules for e-payment would apply to tax deducted at source and tax collected at
source.

 

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