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. |