Sunday, August 30, 2020

Banks cautioned against imposing levies like MDR on electronic transactions

Central Board of Direct Taxes has also directed banks to refund charges since January 1, 2020, collected on transactions carried out using electronic modes including UPI by businesses having turnover of over Rs 50 crore.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-cautioned-against-imposing-levies-like-mdr-on-electronic-transactions/articleshow/77836203.cms

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