Multiple choice

All individual and corporate tax payers who pay Rs. 50000 and more in a single payment as tax has to submit e-tax payment w.e.f.�

  1. April 1, 2008

  2. April 1, 2009

  3. April 1, 2010

  4. April 1, 2011
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A Correct answer
Explanation

From April 1, 2008, the Indian government mandated electronic tax payment (e-tax payment) for individuals and corporate taxpayers paying Rs. 50,000 or more in a single payment. This was part of the e-governance initiative to streamline tax collection and reduce paper transactions.

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