Payment
of Income Tax by Book Entry:
In
the case of an office of the Government, where tax has been paid to the credit
of the Central Government without the production of a challan [Book Entry], the
Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and
Disbursing Officer or any other person by whatever name called to whom the
deductor reports the tax so deducted and who is responsible for crediting such
sum to the credit of the Central Government, shall-
(a)
submit a statement in Form No. 24G within ten days
from the end of the month to the agency authorized by the Director General of
Income-tax (Systems) [TIN Facilitation Centres currently managed by M/s
National Securities Depository Ltd.] in respect of tax deducted by the
deductors and reported to him for that month; and
(b)
intimate the number (hereinafter referred to as the
Book Identification Number or BIN) generated by the agency to each of the
deductors in respect of whom the sum deducted has been credited. BIN consist of
receipt number of Form 24G, DDO sequence number and date on which tax is
deposited.
The
procedure of furnishing Form 24G is detailed in Annexure IV. PAOs/DDOs should
go through the FAQs therein to understand the correct process to be followed.
Payment
Income Tax by an Income Tax Challan:
(i)
In such a case the amount of tax so deducted shall
be deposited to the credit of the Central Government by remitting it within the
time specified in Table 4.4.1 above into any branch of the Reserve Bank of
India or of the State Bank of India or of any authorized bank;
(ii)
In case of a company and a person (other than a
company), to whom provisions of section 44AB are applicable, the amount
deducted shall be electronically remitted into the Reserve Bank of India or the
State Bank of India or any authorised bank accompanied by an electronic
income-tax challan.
The amount
shall be construed as electronically remitted to the Reserve Bank of
India or to the State Bank of India or to any authorized bank, if the amount is
remitted by way of:
(a)
internet banking facility of the Reserve Bank of
India or of the State Bank of India or of any authorized bank; or
(b)
debit card (Notification No.41/2010, dated 31st
May, 2010)
