New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Which of the following has become the first public

    sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0?
    A Indian Bank Correct Answer Incorrect Answer
    B Bank of India Correct Answer Incorrect Answer
    C Union Bank of India Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E Punjab National Bank Correct Answer Incorrect Answer

    Solution

    Bank of India has become the first public sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0. With this technological integration of BOI on TIN 2.0 platform, taxpayers will now get a single platform for their tax payment as well as e-filing of tax returns. Also, taxpayers can now make the direct tax payment at any branch of Bank of India across the country as more than 5000+ BOI’s branches are now accepting direct tax collection through over-the-counter (OTC) mode. The process is simple and fast, making it easier for taxpayers to make the payments at their convenience in just a few clicks. Bank of India Headquarters: Mumbai CEO: Atanu Kumar Das Tax Information Network, TIN 2.0 (e-filing) is the official portal of the Income Tax Department, Ministry of Finance, Government of India. The portal has been developed by the Income Tax Department as a Mission Mode Project under the National E-Governance Plan.

    Practice Next

    Relevant for Exams: