E Tax
This query is : Resolved
24 September 2010
A partnershipship firm under tax audit deosited the due tax by cheque and not made e payment through net banking, if any consequense/penalty is there?
24 September 2010
For tax payers, covered under tax audit, e-payment is mandatory.
You may find it difficult to get the credit for the manual tax paid at the time of final assessment.
You may find it difficult to get the credit for the manual tax paid at the time of final assessment.
24 September 2010
*
The following persons shall pay tax electronicallyon or after the 1st day of April, 2008:-
(a) a company; and
(b) a person (other than a company), to whom provisions of section 44AB are applicable.
The FAQs issued by income tax departments do not tell the consequences of not making the payment of tax through the mandatory e-payment mode. So even if you have paid taxes by cheque no penalty will be levied and you will also get proper credit of Taxes paid.
*
The following persons shall pay tax electronicallyon or after the 1st day of April, 2008:-
(a) a company; and
(b) a person (other than a company), to whom provisions of section 44AB are applicable.
The FAQs issued by income tax departments do not tell the consequences of not making the payment of tax through the mandatory e-payment mode. So even if you have paid taxes by cheque no penalty will be levied and you will also get proper credit of Taxes paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- TDS RATE ON RENT PAID TO NRI
- Not a CA , can we prepare balance sheet
- Query Regarding on TDS section 194H and 194J
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
