Rule 125: Electronic payment of tax
The Income-tax Rules, 1962Central Act · 1962
Electronic payment of tax.
(1) The following persons shall pay tax electronically on or after the 1st day of April, 2008:—
(a) a company; and
(b) a person (other than a company), to whom the provisions of section 44AB are applicable.
(2) For the purposes of this rule :—
(a) "pay tax electronically" shall mean, payment of tax by way of—
(i) internet banking facility of the authority bank; or
(ii) credit or debit cards;
(b) the word "tax" shall have the meaning as assigned to it in clause (43) of section 2 of the Act and shall include interest and penalty.
Where this provision sits
| Act | The Income-tax Rules, 1962 |
|---|
| Rule | 125 |
|---|
| Marginal note | Electronic payment of tax |
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| Jurisdiction | Central |
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| Status | In force as published by the source |
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