The Central Board of Direct Taxes, vide notification S.O.No.493(E) dated 13.3.2008 have notified the categories of taxpayers who are mandatorily required to electronically pay taxes on or after the 1st day of April, 2008. The taxpayers who are required to pay taxes by the prescribed mode are – (i) a company; and (ii) a person (other than a company), to whom provisions of section 44AB of the Income-tax Act, 1961 are applicable.
15 September 2010
In view of CBDT Notification 34/2008 dated 13/3/2008 read along with section 2(43) of the Income tax Act,1961, corporate assessee's has to pay advance tax by electronic mode only.
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