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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Banks are advised to immediately refund the charges collected, ...


Banks Ordered to Refund Charges for Electronic Transactions Since Jan 2020, No Future Fees Allowed u/s 269SU.

August 31, 2020

Circulars     Income Tax

Banks are advised to immediately refund the charges collected, if any, on or after 1st January 2020 on transactions carried out using the electronic modes prescribed u/s 269SU of the IT Act and not to impose charges on any future transactions carried through the said prescribed modes. - CBDT

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