269SU: Mandatory facilitating of accepting payments through electronic modes

Author
View profile
Last updated: 22 May 2020
Quick Summary
This document provides crucial clarifications on Section 269SU of the Income-tax Act, 1961, concerning mandatory acceptance of payments through electronic modes. It explains that businesses with only Business-to-Business (B2B) transactions, where at least 95% of receipts are non-cash, are exempt from this mandate. This is particularly useful for B2B enterprises seeking clarity on payment regulations.

File details
PDF 183 KB 0 downloads Income Tax
File description
CBDT issues clarification with respect to the prescribed electronic modes under section 269SU of the Income-tax Act, 1961 vide Circular No.12/2020 dated 20th May, 2020. #pdf
Download PDF 183 KB Like
Submitted by · Posted 22 May 2020 · Other files by Pradeep Gupta · Report
Comments

Recent Files in Income Tax

View more →
PDF

FAQs on TAN as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Tax Audit as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Agricultural Income (Section 2(5) and Rule 270) as per IT Act 2025

17 September 2026 Download
PDF

Withholding Tax Rates as per IT Act 2025

14 September 2026 Download
PDF

ICAI Releases Handbook on Residential Status for NRIs

10 September 2026 Download
PDF

User Manual of UDIN Portal for ICAI DigiCA Platform

01 September 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Suresh ShahSuresh ShahPro Member RBSM CORPORATE ADVISORS PVT LTRBSM CORPORATE ADVISORS PVT LTPro Member Nayan shettyNayan shettyPro Member Raj JaggiRaj JaggiPro Member dhavaldhaval
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI Bulletin: October 2026
  2. RBI issues guidelines on the implementation of Leverage Ratio 2017 Standard
  3. ICAI Students' Journal - Nov 2026
  4. RTPs for CA Foundation Jan 2027 Exams
  5. RTPs for CA Intermediate Jan 2027 Exams

Latest Job Openings

View all
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details