No MDR charges are applicable on transactions through RuPay and UPI platforms since January 1, 2020. This was to promote digital payments, Finance Minister Nirmala Sitharaman said. The Department of Revenue (DoR) has notified RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). Accordingly, all companies […]
As a big relief to the salaried class taxpayers in the country, the government is reportedly thinking to double the income tax exemption threshold from the present 2.5 Lakh to 5 Lakh. According to sources, the decision in this regard has been taken by the Finance Ministry with an aim to bring equality between taxpayers after […]
The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for anti-national and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India […]
