Electronic funds norms: CBDT relaxes norms for businesses having turnover of more than Rs 50 crore

Electronic funds norms: CBDT relaxes norms for businesses having turnover of more than Rs 50 crore

The Central Board of Direct Taxes (CBDT) on May 20 exempted firms with more than Rs 50 crore turnover and engaged in only B2B businesses from the requirement of accepting payments only by electronic modes like RuPay or BHIM-UPI.”It is clarified that the provisions of Section 269SU of the Act shall not be applicable to…

View More Electronic funds norms: CBDT relaxes norms for businesses having turnover of more than Rs 50 crore