Rule 133

Modes of payment for the purpose of section 187

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Every person, carrying on business or profession, if his total sales, turnover or gross receipts, as the case may be, in business or profession exceeds fifty crore rupees during the immediately preceding tax year shall provide facility for accepting payment through the following electronic modes, in addition to the facility for other electronic modes of payment, if any, being provided by such person:—

(i) Debit Card powered by RuPay;

(ii)Unified Payments Interface (UPI) (BHIM-UPI);

(iii)Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code); and

(iv)Tier-III: Full KYC Central Bank Digital Currency wallets, P-CBDC, Wholesale or Cross-border CBDC.

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Source: Income-tax Rules, 2026, notified by the CBDT vide G.S.R. 198(E) dated 20 March 2026. For reference only – please verify with the official Gazette.