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.
