Corp Bank offers e-filing of tax returns

Corp Bank offers e-filing of tax returns 09 July 2010

Corporation Bank, in association with Taxsmile.com India Pvt Ltd, has offered end-to-end solutions to help taxpayers file their income-tax returns electronically.A bank release said here that Taxsmile is an e-Return Intermediary (ERI) authorised by the Income Tax Department.The release said the customer will have to visit the bank's Web site www.corpbank.in, and click the banner ‘File your Income Tax return online' on the home page.

The link will take the customer to prepare his/her tax return. The bank will facilitate purchase of digital signature online, if the customer does not have one. Once the returns are prepared online, the customer will be taken to the payment gateway. There the customer can make the payment through Corporation Bank's net banking. Thereafter, the transaction is over and he/she can e-file and get the acknowledgement.Quoting Mr B.R. Bhat, General Manager (IT) of the bank, the release said: “This facility is extended to the general public, including non-customers as well.” He called upon the taxpayers to make use of the channel.While e-filing of income tax returns is mandatory for a company and a firm liable to audit under Section 44AB of the IT Act, it is optional for other categories of Indian direct tax payers

Source:The Economic Times