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CBDT prescribes ‘Other Electronics Modes’ for the purpose of electronic payments & receipts

January 31, 2020
The Central Board of Direct Taxes (CBDT) has prescribed the ‘other electronic modes’ for the purpose of accepting and making electronic payment under different sections of the Income-tax Act, 1961. Credit Card, Debit Card, Net Banking, IMPS, UPI, RTGS, NEFT, BHIM Aadhar Pay are electronics modes prescribed in the new Rule 6ABBA notified by the Board.
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