Saturday, July 19, 2008

Tax can be paid online from another person’s a/c :


Publication:Economic Times Delhi;
Date:Jul 19, 2008;
Section:EFM;
Page Number:7
IN A NUTSHELL

Tax can be paid online from another person’s a/c :

CBDT • NEW DELHI: The government on Friday clarified it will allow a taxpayer to make electronic payment of taxes from the bank account of any other person as well. The idea is to facilitate electronic payment of taxes by different categories of taxpayers. However, the challan for making such payment must clearly indicate the Permanent Account Number (PAN) of the taxpayer on whose behalf the payment is to be made. It will not be necessary for the assessee to make payment of taxes from his own account in an authorised bank, the Central Board of Direct Taxes said.

Dell’s Indian subsidiary gets tax breather •

NEW DELHI: In a major relief to the Indian arm of the global IT major Dell International, the Authority for Advance Ruling on Friday said that the fees paid by it to an American company for using telecom bandwidth will not be taxed in India. The relief would be subjected to the existence of a permanent establishment of the overseas telecom company in India, the Authority clarified in a ruling.

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