AMIT (STUDENT) (33 Points)
04 April 2008
It is mandatory for companies and Tax audities to pay income tax electronically w.e.f. 01/04/2008.
My query is Whether an assessee can pay income tax electronically through the bank a/c of an another person, because the assessee does not have internet banking facility in its city.
I would appriciate your quick reply.
Regards,
Amit Agarwal
RAJAN GUPTA
(SERVICE)
(653 Points)
Replied 04 April 2008
YES ,YOU CAN PAY THROUGH ANOTHER PERSON BANK ACCOUNT BUT YOU SHOULD MAKE THE PAYMENT TO THAT PERSON BY CHEQUE .
Hari Venkata Ramana
(M.Com, AICWA)
(124 Points)
Replied 03 May 2008
It can be payable but the system generated challan will come on the name of the account holder only. This creates problem with assessing officers/income tax officials at the time of assessment for giving credit to
TDS etc. It is better donot do this.
CAclubindia
