Income-tax Act, 2025 · CHAPTER XII — Mode of payment in certain cases, etc.

Section 187Acceptance of payment through prescribed electronic modes

Income-tax Act, 2025 (30 of 2025)

Every person shall provide facility for accepting payment, through electronic modes as may be prescribed, in addition to other electronic modes, if any, being provided by him, where—

(a)such person is carrying on business or profession; and

(b)total sales, turnover or gross receipts in such business or profession exceeds fifty crore rupees during the immediately preceding tax year.

such person is carrying on business or profession; and

total sales, turnover or gross receipts in such business or profession exceeds fifty crore rupees during the immediately preceding tax year.

Referenced by

§ 452 Penalty for failure to comply with provisions of section 187

Rule 133 Modes of payment for the purpose of section 187