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K.R. Srivats

New Delhi, April 1 The Central Board of Direct Taxes (CBDT) has made e-payment of taxes mandatory for all deductors effective April 1. Accordingly, all categories of non-corporate taxpayers with turnover less than Rs 40 lakh or gross receipts less than Rs 10 lakh will have to make electronic payment to the exchequer the income-tax that they deduct at source, a CBDT spokesperson said.

Already, e-payment of taxes is mandatory for corporates and assesses that are required to undertake tax audit.

More Stories on : Taxation | E-Governance

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