Rule 48 — Electronic modes | Income Tax Rules, 2026

Rule 48 lists the electronic modes of payment, other than the specified banking modes, that count for Schedule VIII [Table: Sl. No. 1. D(d)], section 66(32), section 146(5)(a)(ii)(B) and sections 185, 186 and 188.

The listed modes. For those provisions, the other electronic modes of payment are:

credit card;
debit card;
net banking;
IMPS (Immediate Payment Service);
UPI (Unified Payment Interface);
RTGS (Real Time Gross Settlement);
NEFT (National Electronic Funds Transfer);
BHIM (Bharat Interface for Money) Aadhaar Pay; and
Tier-III: Full KYC Central Bank Digital Currency wallets, P-CBDC, and Wholesale or Cross-border CBDC.

Cross-reference. Rule 26 refers to this rule for payments above ten thousand rupees in a day.

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