Electronic payment of tax

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.