MANDATORY E-FILING OF TAXES FOR CORPORATES FROM APRIL

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Corporate taxpayers will have to mandatorily pay taxes in e-mode from April 1. This follows the successful implementation of e-filing of tax returns. Although the option of paying income-tax through e-mode exists, it had not been made mandatory. Assessees who have to give audit reports will also have to make e-payment of taxes. Taxpayers can make e-payments through Internet banking facilities offered by authorised banks or by way of credit or debit cards, a Central Board of Direct Taxes release said.

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