Mandatory Government Payment Via Internet

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Mandatory government payment via internet is done throughout the world. The system makes it possible to process hundreds of applications within minutes. A tax payer has to insert the some basic data in to the system; the system then checks the validity of the data and possesses it further for use of the government treasury. Income tax return usually entails following characteristics;

Name, father's name, date of birth, current residential address, permanent residential address, social security number, national identity number, driving license number, national tax number for seasoned tax payer, application tracking number (assigned by the system), phone number, mobile / cell phone number, email address, website address, social media or online social networking platform IDs, and other important personal data and information.

An individual may also have to account for the marital status, numbers of family members, spouse's details, children's details, minor and major children, dependent family members, parents, and other members of the family living in the same house.

A tax payer may also be required to insert the bank information. He or she may be asked to identify the bank accounts owned and maintained by the tax payer. Joint bank accounts, foreign bank accounts and other important bank or financial institution related information pivotal for assessment purposes.

Income tax return may also require a person to file a wealth statement which may entail following particulars;

Owning a house in an urban area, the total area of the house, the covered area of the house I.e. inclusive of the all the floors and the basement, it may also include information about the house owned by the spouse and children.

Number of motor vehicles owned and maintained by the tax payer, their year of make and the brand, motor vehicle tax numbers and their license plate numbers, also motor vehicle owned by the spouse and children.

Particulars of the land owned by the tax payer himself, his spouse and children, the land records of the land owned and the any other particulars that are deemed necessary for tax purposes.

Any collectable owned by the family or a piece of art owned by the tax payers, his spouse or children, the current market worth of the artifact and the things connected with it.

The tax payer will also have to file the income statement for the period, incase, he or she owns and runs a business. Salary statement from the employer in case he or she earns salary income, rental agreement in case of rental income, statement from stock broker in case of capital gains and other statements that are deemed necessary.

Online income tax payment can be made these days. The government revenue services or the government treasury department accepts online bank payments, credit / debit card payments and other online instruments and wire transfers in this regard. An acknowledgement receipt is also given in this regard to the tax payer.
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