CBDT appoints Bharat Overseas Bank as e-return intermediary
Our Banking Bureau
7 August 2003
Chennai:
Bharat Overseas Bank (BOBL), a city-based private bank,
has been authorised by the Central Board of Direct Taxes
(CBDT) to act as e-return intermediary.
As
a result BOBL will prepare the income tax returns for
eligible taxpayers who approaches with details of their
income along with supporting documents on verification
of the permanent account number (PAN).
An
e-return is defined as electronically transmitted data
of the income furnished under the scheme duly supported
by a duly signed paper return of the income. The bank
will transcribe the data from the paper return of income
of the taxpayer, in a prescribed electronic format and
transmit the same to the designated server of the income-tax
department.
BOBL
will soon offer the e-return facility at its main branches
in Chennai, Delhi, Mumbai, Kolkata, Bangalore, Hyderabad
and Ahmedabad. The scheme will be put into operation
shortly.
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of reports on Bharat Overseas Bank
