⁹³[Electronic payment of tax⁹⁴.

125. (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.]