RULE 48 INCOME-TAX RULES 2026
Other electronic modes of payment.
48. For the purposes of Schedule VIII [Table: Sl. No. 1. D(d)], section 66(32), section 146(5)(a)(ii)(B), sections 185, 186 and 188, the other electronic modes of payment shall be the following:—
| (a) | Credit card; | |
| (b) | Debit card; | |
| (c) | Net banking; | |
| (d) | IMPS (Immediate Payment Service); | |
| (e) | UPI (Unified Payment Interface); | |
| (f) | RTGS (Real Time Gross Settlement); | |
| (g) | NEFT (National Electronic Funds Transfer); | |
| (h) | BHIM (Bharat Interface for Money) Aadhaar Pay; and | |
| (i) | Tier-III: Full KYC Central Bank Digital Currency wallets, P-CBDC, Wholesale/Cross-border CBDC. |