Income Tax UPDATE - New Compliance on E-Filing Portal

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2020-01-29

Income Tax UPDATE – New Compliance on E-Filing Portal -

New Compliance on E-Filing Portal ! Disclosure of 269SU (Receipt Facility through BHIM-UPI, BHIM-UPI QR, Rupay Card). Businessmen with T/O > INR 50CR must have above facility to accept payments w.e.f. 01.02.2020 otherwise Penalty of INR 5,000 per day may be initiated u/s 271DB.

Once having such facility, confirm the same on portal.
#UPDATE #IncomeTax

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https://www.desidime.com/discussions/income-tax-update-new-compliance-on-e-filing-portal?page=1#post_6474426

micke

2020-01-29

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We are born in this country of our own free will to serve highly professional politicians.

https://www.desidime.com/discussions/income-tax-update-new-compliance-on-e-filing-portal?page=1#post_6474461

nimod

2020-01-29

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We are trained in this country of our own free will to serve highly professional politicians.
And I have started learning that we are trained through our religions.

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https://www.desidime.com/discussions/income-tax-update-new-compliance-on-e-filing-portal?page=1#post_6474485

caks2006407

2020-01-29

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Change the title; This compliance is for businessmen with TO>50Cr
Every person with a business turnover of more than ₹ 50 crore during the immediately preceding previous year have to mandatorily provide all the following modes for the purpose of acceptance of payment, which is in addition to the facility for other electronic modes of payment, if any, being provided by such person:

Debit Card powered by RuPay Unified Payments Interface (UPI) (BHIM-UPI) Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code)