Prescribing of certain electronic modes of payment under Section 269SU of the Income- tax Act, 1961-Invitation for application

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....in electronic modes of payment under Section 269SU of the Income- tax Act, 1961-Invitation for application In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act 1961, vide the Finance (No. 2) Act 2019, which provides that every person having a busi....

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....er the Payment and Settlement Systems Act 2007, who are willing that their payment system may be taken into consideration for being prescribed as an eligible electronic payment mode under Section 269SU of the Income-tax Act 1961. 5. The application shall be made in the format given below, and shall be duly signed by the authorised signatory. Name of the Bank/payment system provider Complete add....