On or after 1-4-2008, the following persons shall ‘pay tax electronically’—
| (a) | a company; and |
| (b) | a person (other than a company), to whom provisions of section 44AB are applicable. |
‘Pay tax electronically’ shall mean, payment of tax by way of—
| (i) | internet banking facility of the authorised bank; or |
| (ii) | debit cards; |
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.
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