Para 15.6.2 — CAM

15.6.2 Taxpayer has an option to pre-authorize debit of her bank account for payments at a later date by providing suitable payment instruction. In such cases, the challan is finalized with payment authorization completed; however, remittance takes place on dates as provided by the taxpayer. Only after debit of taxpayer’s account on each occasion, the CIN is generated and reported by banks to TIN 2.0 and PRAKALP on a real time basis, and to the RBI through luggage file.