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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>New Section 10A Added to Prohibit Banks from Charging Fees on Electronic Payments as per Finance Act 2019 Amendments.</h1> The Payment and Settlement Systems Act, 2007, has been amended by the Finance (No. 2) Act, 2019, effective November 1, 2019. A new section, 10A, has been added, prohibiting banks and system providers from imposing charges, directly or indirectly, on individuals making or receiving payments through electronic modes specified under section 269SU of the Income-tax Act, 1961.