Acceptance of payment through prescribed electronic modes
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Every person shall provide facility for accepting payment, through electronic modes as prescribed, in addition to other electronic modes, if any, being provided by him, where––
(a) such person is carrying on business; and
(b) total sales, turnover, or gross receipts in such business exceeds fifty crore rupees during the immediately preceding tax year.