Digital payments through UPI, NEFT, RTGS or IMPS do not automatically lead to an income tax notice. The Economic Times reports that scrutiny usually begins when transaction records do not match income…
UPI transactions in July 2026 crossed ₹29.88 lakh crore in value, up 19% from a year ago, with 23.66 billion transactions, the National Payments Corporation of India data shows. This beats May's…
Finance Minister Nirmala Sitharaman said any Merchant Discount Rate on UPI would apply to merchants, not customers. She added that no final decision has been taken. The proposed legal change would allow…
Finance Minister Nirmala Sitharaman said merchant discount rate, if introduced for UPI payments, would apply to merchants and not customers. She also said no final decision has been taken. The Lok Sabha…
The Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, allowing the Centre to notify electronic payment modes on which banks and payment providers may levy charges. The legislation…
The Lok Sabha on August 6 passed the Taxation and Other Laws (Amendment) Bill, 2026, allowing the government to later modify the zero-MDR framework for UPI and RuPay transactions. The Bill now…
Mumbai's cyber financial fraud helpline 1930 blocked Rs 162 crore in stolen money between January and July this year, according to the Times of India. Since its launch in 2022, the helpline…
Delhi Police arrested two Jodhpur men accused of supplying mule bank accounts to cyber fraud syndicates. The arrests followed a complaint from a man who lost Rs 2.84 lakh in a part-time…
The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, enabling the Centre to permit charges on UPI, RuPay and other notified electronic payments. The Bill removes the…
The Payments Council of India (PCI) clarified on Friday that UPI transactions will remain free for consumers and small merchants, including kirana stores, allaying fears of possible charges. The assurance came amid…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.