[Electronic payment of tax.
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.] |
