17 April 2009
As per latest Notification No.31/2009 dated 25/03/2009 issued by CBDT, it is mandatory to pay TDS / TCS by online. However as per Maharashtra Co-Operative societies Act, 1960, Any Co-Operative Societies are not permitted to operate Bank other than District Bank or Maharashtra State Co-Op. Bank Ltd. My Query is : (1) These Banks are not having such online payment Facility. How Co-Operative Sector Pay Taxes.? (2) Whether CA’s are permitted to open their own A/c in Bank and collect TDS amount from client and Pay Tax by online on behalf of such Co-Operative Society?