TaxationaryHome
Review

2025Section 187

187. Acceptance of payment through prescribed electronic modes.

In the 1961 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

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.

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·