Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act, 1961

Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act, 1961 https://www.taxtmi.com/circulars?id=64034 Section 269SU mandates that specified persons must offer prescribed electronic payment modes-Debit Card powered by RuPay, UPI and UPI QR Code. The circular exempts a specified person with only B2B transactions (no retail customers) from section 269SU if at least ninety five percent of aggregate receipts in the previous year, including sales, turnover or gross receipts, are received by modes other than cash. en-us Wed, 20 May 2020 00:00:00 +0530 Wed, 20 May 2020 18:10:00 +0530 TaxTMI RSS Generator Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act, 1961 https://www.taxtmi.com/circulars?id=64034 Section 269SU mandates that specified persons must offer prescribed electronic payment modes-Debit Card powered by RuPay, UPI and UPI QR Code. The circular exempts a specified person with only B2B transactions (no retail customers) from section 269SU if at least ninety five percent of aggregate receipts in the previous year, including sales, turnover or gross receipts, are received by modes other than cash. Circulars Income Tax Wed, 20 May 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64034