What would be the new procedure for payment of direct taxes at banks?
Ans. If you are paying taxes in cash (at any designated bank branch) or by cheque at the bank branch where you have a bank account, the bank will accept your cash/cheque and will immediately stamp the counterfoil of the Challan with a rubber stamp containing the Challan Identification Number as mentioned at answer number 6. If however, you are paying taxes by cheque/ draft at a bank branch other than where you have a bank account, the collecting bank branch will accept your cheque/draft and issue you a paper token in acknowledgement. When you present this token after encashment of the cheque, the bank will hand over the acknowledgement counterfoil duly stamped with the Challan Identification Number (CIN) as explained in answer to question number 6.
