Anil (1638 Points)
23 June 2008When making TDS payment online at nsdl site , after entering the challan details the website takes us to bank's site where it asks for Corporate id, user id and password. Please refer file attached.
My question is - Do banks provide BOTH Corporate id and User id to companies who want to make payment online?
Thanks.
Sachin Agrawal
(Advocate-Tax Consultant)
(50 Points)
Replied 23 June 2008
One has to aplly for internet banking and then company provides the Corporate ID and password.
Sachin Agrawal
(Advocate-Tax Consultant)
(50 Points)
Replied 23 June 2008
The User Id and Password are provided by the bank .
Anil
(1638 Points)
Replied 23 June 2008
Dear Sir,
Thanks for your response. The question is - whether the bank provides BOTH Corporate id and User id. I am sure that the bank provides password.
The site for making payment has provision for BOTH Corporate and User id. Should one need to provide BOTH at the site to make payment? PLEASE refer the file attached.
parthasarathy
(Practising, C.A)
(188 Points)
Replied 23 June 2008
i have a corporate ID from SBI, which i use to pay taxes online on behalf of my clients.
banks provide u with corporate id, which is more safe as it has administrator ID and user ID with different password to enter a tax payment challan , then to authorise and make payment.
if you open a current account with the bank, you can avail a corporate ID. my advise is...go for state bank of india, its online banking is easy to use.......and safe for tax payments.
if you have to pay your own taxes, ur personal ID, which comes with your savings bank account is more than enough.
and one more thing...bank provides only one ID...either corporate ID or personal ID......corporate ID's are for corporate/current accounts and personal ID is for savings bank account.
have a nice day
Sanjay Govil
(Student)
(111 Points)
Replied 23 June 2008
While applying for Corporate Internet Banking, the company gives suggested names as its corporate ID. If such names have not already been taken by any other company, the Bank allots the name applied for as the Corporate ID which identifies the company.
However, the company is an artificial entity. It cannot access the accounts online by itself. Therefore, while applying for Corporate Internet Banking, the company nominates its users (for eg directors, senior accountant etc.) and gives suggested user IDs and the level of access allowed (Eg View Only, Funds Transfer Only, Full Unrestricted Access etc.) for each of them in the application form itself.
If the application is approved by the Bank after processing, it communicates the Corporate ID to the company and mails the User IDs and Passwords to each of the Users separately which is linked to the Corporate ID of the company.
Thus, while accessing the accounts online, the user has to give the Corporate ID, his User ID and Password to Login.
Regards
| Originally posted by :Guest | ||
| " | how i make a online tds. what a procedure to make the payment of TDS online. please help me. | " |
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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