Rule 133: Every person, carrying on business or profession, if his total sales, turnover or gross receipts, as

Bare law

Rule 133 - 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

133. 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) U

Exercise of option for taxation of royalty income from patent under section 194(1) [Table: Sl. No. 2].

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