RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

79074019

Updation of cgt_flg as 'I' in case of e-payment transactions

RBI/2008-09/173
DGBA.GAD. No. H.2528/ 42.01.038 /2008-09

September 17, 2008 

The Chairman & Managing Director/Managing Director
State Bank of India and its Associates/
All Nationalised banks/ Axis Bank Ltd/
HDFC Bank Ltd/ ICICI Bank Ltd/ J&K Bank Ltd.

Dear Sir,

Updation of cgt_flg as 'I' in
case of e-payment transactions

As you are aware, as per extant instructions, only one branch which is allotted an exclusive BSR code is the designated branch authorized for collection of e-payment and that branch shall not accept any physical challans. Such designated branch is required to upload challan data with value 'I' in field 36 (cgt_flg) to distinguish e-payment transactions from others. In this connection, we invite your attention to para 7.3 of letter F. No. SW /07 /01 /03 /04 /DIT(S)-11 /16657 dated December 5, 2007 from DIT(Systems) regarding software validations to be introduced in the software of all the branches of respective banks conducting Government business.

2. However, it has been brought to our notice by Income Tax Department that contravening the specific instructions on the subject, many banks have uploaded both e-payment as well as physical challans from same branch resulting in the issue of duplicate Challan Identification Number (CIN).

3. We, therefore, reiterate that all the branches designated for e-payment should not accept physical challans and that the designated branch should upload only e-payment challan data which contain value 'I' in the field 36 (cgt_flg).

4. Necessary instructions may be issued to your branches concerned for prompt compliance.

Yours faithfully,

 (P. M. Rajagopal)
Assistant General Manager

RbiTtsCommonUtility

प्ले हो रहा है
સાંભળો

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

રિઝર્વ બેંક ઑફ ઇન્ડિયા મોબાઇલ એપ્લિકેશન ઇન્સ્ટૉલ કરો અને લેટેસ્ટ ન્યૂઝનો ઝડપી ઍક્સેસ મેળવો!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

શું આ પેજ ઉપયોગી હતું?