Launch of Online Tax Accounting System

Launch of Online Tax Accounting System

Views: 333

The income-tax department is planning to launch the Online Tax Accounting System (OLTAS) from June 1. The move is part of the several assessee-friendly measures being planned by the department to get the Tax Information Network going. Under the proposed system, assesses will have to use only three challans instead of seven to pay their taxes.
Other than salary income, taxplayers will have to pay the applicable taxes at designated banks. These include taxes paid by self-employed professionals like doctors, lawyers, and chartered accountants.

Get a chance to meet who's who of Transport ecosystem in India including key policymakers from Central and State Governments. Join us at National Summit on ‘Strategy for Ports, Highways Infrastructure and Logistics Efficiency , New Delhi on Aug 13, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.
Click to comment

Leave a Reply

Your email address will not be published.

Latest News

To Top