(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(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.
(ii) credit or debit cards;
Extra Notes for Readers:
- Rule 125 was introduced by the Income Tax (4th Amendment) Rules, 2008, w.e.f. 13th March, 2008
Reference/Source: Check at Income Tax site for latest version of the Rules - link