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Home > Income Tax Act 2025 > Section-187Last Updated: Feb 21st 2025

Section-187 : Acceptance of payment through prescribed electronic modes

Section-187 seeks to provide for accepting payment through prescribed electronic modes. Learn to understand the section-187 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

New Income Tax Act 2025 Portal

1. Section-187 as per act

Every person shall provide facility for accepting payment, through electronic modes as prescribed, in addition to other electronic modes, if any, being provided by him, where––

  1. such person is carrying on business; and
  2. total sales, turnover, or gross receipts in such business exceeds fifty crore rupees during the immediately preceding tax year.

2. Help and useful links for Section-187

  1. Income Tax Help Center
  2. Income Tax Act 2025 Home
  3. High value transaction limits for Income Tax Compliance
  4. Allowable Cash Transactions under Income Tax
  5. Income Tax Penalties: What and When?



How to get help from EZTax.in



Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.