PSB Bank ITNS-282 Securities Transaction Tax, Hotel Receipt Tax, Interest Tax, Estate Duty, Expenditure/Other Tax, Wealth Tax, Gift Tax
PSB Bank ITNS-282 Securities Transaction Tax, Hotel Receipt Tax, Interest Tax, Estate Duty, Expenditure/Other Tax, Wealth Tax, Gift Tax from Download
The provided document is Challan No. / ITNS 282, used for depositing specific direct taxes in India from July 2005 onwards (itns282.pd… p. 1).
Overview
This challan caters to various ancillary direct taxes rather than standard income tax (itns282.pd… p. 1). It includes a primary form for the bank and a Taxpayers’ Counterfoil at the bottom for personal records (itns282.pd… p. 1).
Key Sections of the Form
- Tax Applicable (Major Head): Checkboxes to specify the unique tax category (itns282.pd… p. 1):
- (0034) Securities Transaction Tax (STT) (itns282.pd… p. 1)
- (0032) Wealth Tax (itns282.pd… p. 1)
- (0033) Gift Tax (itns282.pd… p. 1)
- (0031) Estate Duty (itns282.pd… p. 1)
- (0023) Hotel Receipts Tax (itns282.pd… p. 1)
- (0024) Interest Tax (itns282.pd… p. 1)
- (0028) Expenditure / Other Tax (itns282.pd… p. 1)
- Time Period: Dedicated spaces to record both the Financial Year and the corresponding Assessment Year (itns282.pd… p. 1).
- Taxpayer Details: Mandatory entry boxes for the Permanent Account Number (PAN), Full Name, Complete Address, and Telephone Number (itns282.pd… p. 1).
- Type of Payment (Minor Head): Categories to define the nature of payment, such as Advance Tax (100), Self Assessment Tax (300), or Tax on Regular Assessment (400) (itns282.pd… p. 1).
- Details of Payments: A structured table to list the break-up of core Tax, Surcharge, Interest, and Penalty to calculate the final Total (itns282.pd… p. 1).
Important Rules and Guidelines
- Mandatory PAN: Correctly quoting your PAN is strictly required (itns282.pd… p. 2). Furnishing a false PAN carries a financial penalty of ₹10,000 under Section 272B of the Income Tax Act, 1961 (itns282.pd… p. 2).
- One Form Per Payment: A separate challan form must be used for each distinct type of tax payment (itns282.pd… p. 2).
- STT Rule: Stock Exchanges and Mutual Funds depositing Securities Transaction Tax should specifically tick code (0034) along with Self Assessment Tax (300) (itns282.pd… p. 2).
- Exclusions: This form is explicitly restricted from being used to deposit Tax Deducted at Source (TDS) (itns282.pd… p. 2).
- Receipt Verification: Ensure the bank’s stamped counterfoil clearly displays the 7-digit BSR Code, the Date of Deposit, and the Challan Serial Number (itns282.pd… p. 2). These are mandatory for your tax return filing (itns282.pd… p. 2).
If you need further help, please let me know:
- Which specific tax head (e.g., Wealth Tax or Gift Tax) you need to pay
- If you need help calculating the relevant assessment year
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