Electronic payment requirement expanded to include prescribed electronic modes, altering acceptable payment methods for tax deductibility compliance. Amendment broadens the statute's payment-transmission requirement by substituting 'bank account' with 'bank account or through such other electronic mode as may be prescribed' and inserting the same phrase into the provision addressing cheque, draft or electronic clearing system, thus extending acceptable payment methods to prescribed electronic modes for compliance and deductibility purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electronic payment requirement expanded to include prescribed electronic modes, altering acceptable payment methods for tax deductibility compliance.
Amendment broadens the statute's payment-transmission requirement by substituting "bank account" with "bank account or through such other electronic mode as may be prescribed" and inserting the same phrase into the provision addressing cheque, draft or electronic clearing system, thus extending acceptable payment methods to prescribed electronic modes for compliance and deductibility purposes.
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