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RBI asks income tax assesses to pay IT dues in advance

Updated: Nov 20, 2014 02:03:19pm
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Mumbai, Nov 20 (KNN)  The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date to avoid long queues and last minute rush.

It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks.

“These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices,” the RBI said in a release yesterday.

It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of December every year and it becomes difficult for the Reserve Bank to cope with the pressure of issuing receipts although additional counters to the maximum extent possible are provided for the purpose, it said.

As many as twenty-nine agency banks have been authorised to accept payments of Income Tax dues, the apex bank said.

These are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank, State Bank of India, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, HDFC Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, Indian Bank,  Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sindh Bank, Punjab National Bank.  (KNN/ES)

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