30 December 2008
* 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.
* What will be the legal consequence of paying through the normal mode is not clear at this stage.
Be cautious next time and deposit online only, right now there is no penal provisions.
31 December 2008
I read somewhere that if e payment is not made, the payer will not get credit of the tax paid. I think it is in the circular issued by ITD. of course no penal provision.
CAclubindia
