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What is difference between EFT and E-file ?

April 26, 2017difference E-file EFT

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What is difference between EFT and E-file ?

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EFT stands for Electronic Fund Transfer, while e-file means for electronic filling of forms or returns. While EFT is used to pay taxes or receive refunds, e-file is used to file periodical forms and returns with the Government without having to visit the office.