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1961Section 269SU

269SU. Acceptance of payment through prescribed electronic modes.

In the 2025 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

Every person, carrying on business, shall provide facility for accepting payment through prescribed electronic modes, in addition to the facility for other electronic modes, of payment, if any, being provided by such person, if his total sales, turnover or gross receipts, as the case may be, in business exceeds fifty crore rupees during the immediately preceding previous year.

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·