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|
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.