Clause 187 - Acceptance of payment through prescribed electronic modes. - Income Tax Bill, 2025

Acceptance of payment through prescribed electronic modes. 187. 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.