Wednesday, May 20, 2020

Digital Payment Facility: CBDT issues Clarification on New Section 269SU of Income Tax Act, 1961 [Read Circular]

The Central Board of Direct Taxes (CBDT) issued the clarification on Wednesday that the provisions of section 269SU of the Income Tax Act shall not be applicable to a specified person having only B2B transactions i.e. no transaction with the retail customer if at least 95% of the aggregate of all amounts received during the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2yiPXBk

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