{"id":223709,"date":"2019-12-31T14:34:48","date_gmt":"2019-12-31T09:04:48","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223709"},"modified":"2019-12-31T14:41:40","modified_gmt":"2019-12-31T09:11:40","slug":"income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/","title":{"rendered":"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961"},"content":{"rendered":"
\n
\n
\n
\n

G.S.R. 960(E).\u2014<\/strong>In exercise of the powers conferred by Section 269SU read with Section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely\u2014<\/p>\n

    \n
  1. Short title and commencement.\u2014<\/strong>(1) These rules may be called the Income-tax (16th Amendment) Rules, 2019.<\/strong>\n

    (2) They shall come into force from 1st day of January, 2020.<\/li>\n

  2. In the Income-tax Rules, 1962, after Rule 119A, the following rule shall be inserted, namely:\u2014\n

    \u201c119AA. Modes of payment for the purpose of Section 269SU-<\/strong> Every person, carrying on business, if his total sales, turnover or gross receipts, as the case may be, in business exceeds fifty crore rupees during the immediately preceding previous year shall provide facility for accepting payment through following electronic modes, in addition to the facility for other electronic modes of payment, if any, being provided by such person, namely:\u2014<\/p>\n

      \n
    1. (i) \u00a0Debit Card powered by RuPay;<\/li>\n
    2. (ii) \u00a0Unified Payments Interface (UPI) (BHIM-UPI); and<\/li>\n
    3. (iii) \u00a0Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code).\u201d<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n
      \n

      Ministry of Finance<\/strong><\/p>\n

      [Notification dt. 30-12-2019]<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      G.S.R. 960(E).\u2014In exercise of the powers conferred by Section 269SU read with Section 295 of the Income-tax Act, 1961 (43 of 1961), <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[39076,29414,26534,2592,39077,39075],"class_list":["post-223709","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-rules_regulations","tag-bhim-upi","tag-cbdt","tag-debit-card","tag-Income_Tax","tag-section-269su-income-tax-act","tag-upi"],"yoast_head":"\nIncome-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961\" \/>\n<meta property=\"og:description\" content=\"G.S.R. 960(E).\u2014In exercise of the powers conferred by Section 269SU read with Section 295 of the Income-tax Act, 1961 (43 of 1961),\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-31T09:04:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-31T09:11:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/mof-647_022117042319.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/\",\"name\":\"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2019-12-31T09:04:48+00:00\",\"dateModified\":\"2019-12-31T09:11:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/","og_locale":"en_US","og_type":"article","og_title":"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961","og_description":"G.S.R. 960(E).\u2014In exercise of the powers conferred by Section 269SU read with Section 295 of the Income-tax Act, 1961 (43 of 1961),","og_url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2019-12-31T09:04:48+00:00","article_modified_time":"2019-12-31T09:11:40+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/mof-647_022117042319.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/","url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/","name":"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2019-12-31T09:04:48+00:00","dateModified":"2019-12-31T09:11:40+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/income-tax-16th-amendment-rules-2019-cbdt-notifies-modes-of-payment-for-s-269su-of-it-act-1961\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":223711,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/31\/clarifications-in-respect-of-prescribed-electronic-modes-under-s-269su-of-income-tax-act-1961\/","url_meta":{"origin":223709,"position":0},"title":"Clarifications in respect of prescribed electronic modes under S. 269SU of Income-tax Act, 1961","author":"Bhumika Indulia","date":"December 31, 2019","format":false,"excerpt":"In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act, 1961 (\"the Act\"), vide the Finance Act 2019 (\"the Finance Act\"), which provides that every person having a\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120331,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/08\/cbdt-extends-time-to-submit-panform-no-60-to-banks\/","url_meta":{"origin":223709,"position":1},"title":"CBDT extends time to submit PAN\/Form No. 60 to banks","author":"Saba","date":"April 8, 2017","format":false,"excerpt":"G.S.R. 331(E).\u2014In\u00a0exercise of the powers conferred by Section 139A and Section 285BA, read with Section 295 of the Income Tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income Tax Rules, 1962, namely: 1. (1) These rules may\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135711,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/06\/07\/cbdt-notifies-changes-in-rules-related-to-refund-of-tds\/","url_meta":{"origin":223709,"position":2},"title":"CBDT notifies changes in Rules related to refund of TDS","author":"Saba","date":"June 7, 2017","format":false,"excerpt":"[Notification No. 45\/2017 ,\u00a0dated 5th June, 2017] G.S.R. 554(E).\u2014In exercise of powers conferred by Section 295 of the Income Tax Act, 1961 (43 of 1961) (hereinafter referred to as the \u2018Act\u2019), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:\u2014\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":195144,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/04\/10\/cbdt-provides-transgender-option-in-filing-of-forms-no-49a-and-49aa\/","url_meta":{"origin":223709,"position":3},"title":"CBDT provides Transgender option in filing of Forms No. 49A and 49AA\u00a0","author":"Saba","date":"April 10, 2018","format":false,"excerpt":"Vide Notification No. 18\/2018 dated\u00a09th April, 2018, CBDT has added 'Transgender' in the option to select gender while filling Form Number 49A and Form Number 49AA related to PAN application for individual resident and non-resident applicants. G.S.R. 352(E).\u2014In\u00a0exercise of the powers conferred by Section 139A read with Section 295 of\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/taxguru.in\/wp-content\/uploads\/2018\/04\/Transgender-Option-in-form-49-and-49A.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxguru.in\/wp-content\/uploads\/2018\/04\/Transgender-Option-in-form-49-and-49A.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxguru.in\/wp-content\/uploads\/2018\/04\/Transgender-Option-in-form-49-and-49A.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139031,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/06\/29\/aadhar-mandatory-for-pan-application-from-1st-july\/","url_meta":{"origin":223709,"position":4},"title":"Aadhar mandatory for PAN application from 1st July","author":"Saba","date":"June 29, 2017","format":false,"excerpt":"G.S.R. 642(E).\u2014In exercise of the powers conferred by Section 139A and Section 139AA, read with Section 295\u00a0of the Income Tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to\u00a0amend the Income Tax Rules, 1962, namely:\u2014 1. (1) These rules may be\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178584,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/27\/income-tax-25th-amendment-rules-2017-notified\/","url_meta":{"origin":223709,"position":5},"title":"Income Tax (25th Amendment) Rules, 2017 notified","author":"Saba","date":"December 27, 2017","format":false,"excerpt":"G.S.R.\u00a0\u00a0 1527(E).\u2014In exercise of the powers conferred by Section 282 read with Section 295 of the Income-tax \u00a0Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:\u2014 1.(1) \u00a0These rules may be called the Income \u2013tax\u2026","rel":"","context":"In "Foreign Legislation"","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=223709"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223709\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=223709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=223709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=223709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}