Aug 31, 2020
I-T warns banks of penalty for charging fee on e-payments
I-T warns banks of penalty for charging fee on e-payments
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NEW DELHI: The income tax department on Sunday hit out at banks levying fee on electronic transactions or payments via tools such as UPI, warning them of penal action for violating the law. Last year, the government had inserted a new provision mandating every business with annual turnover of Rs 50 crore or more to provide customers the choice of making payment through prescribed modesof…
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