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Electronic payment of tax. 125. (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. |
