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e-Payment of direct taxes may be made mandatory in India

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In order to popularize e-Payment of taxes among the 3.2 crore-odd income tax payers in the country, the Income-Tax Department of India is making mandatory e-Payment taxation for certain categories.

The e-Payment of direct taxes will become mandatory for corporates. Already, corporates are required to file their income-tax returns through the electronic route only. The Department is making e-Payment mandatory from January 1, 2008. Currently, there are 32 agency banks that deal with income-tax payments. Of these, eight already offer e-payment option through net-banking accounts. 

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