Income Tax Act 2025: Section 64 for Tax Year 2025-26

Businesses with turnover over ₹50 crore must provide prescribed electronic payment options alongside existing digital payment methods.

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Facilitating payments in electronic modes

Any person carrying on business with total sales, turnover, or gross receipts exceeding fifty crore rupees in the preceding tax year shall provide facility for accepting payments through prescribed electronic methods, in addition to any other electronic payment methods, already offered.


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