ZipLaw
Income-tax Act Section 187
Default readable text
The Income-tax Act, 2025

Section 187 Acceptance of payment through prescribed electronic modes

Chapter
XII · Mode of Payment in Certain Cases, etc.
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.