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Electronic mode for tax receipts expanded to include prescribed electronic methods alongside bank accounts. The amendment substitutes the limitation to a 'bank account' with provision for a 'bank account or through such other electronic mode as may be prescribed,' thereby permitting prescribed alternative electronic payment methods alongside bank transfers for receipts governed by the provision, effective from 1 September 2019.
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<h1>Electronic mode for tax receipts expanded to include prescribed electronic methods alongside bank accounts.</h1> The amendment substitutes the limitation to a 'bank account' with provision for a 'bank account or through such other electronic mode as may be prescribed,' thereby permitting prescribed alternative electronic payment methods alongside bank transfers for receipts governed by the provision, effective from 1 September 2019.