MDR-[1] P2P-Person to Person-No charges [2] MDR charges on UPI payment  r much  lower- -[a]-credit cards  –1.5% to 2.5% [b] debit cards -@ 0.9% –[3] Purpose of MDR on UPI– is to create a dedicated fund to extend financial assistance to the ecosystem players for merchant on-boarding and incentivise growth of UPI transactions amongst existing small merchants [4] and also to  establish a sustainable commercial framework which also encourages new  fintech startups and technological companies to enter digital payments space–Courtesy BusinessLine

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Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full relief

Read more at:https://economictimes.indiatimes.com/wealth/tax/indian-moves-to-us-for-job-forgets-to-file-itr-income-tax-dept-imposes-rs-8-29-lakh-penalty-itat-jaipur-cancels-penalty-and-gives-full-relief/articleshow/134210569.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/indian-moves-to-us-for-job-forgets-to-file-itr-income-tax-dept-imposes-rs-8-29-lakh-penalty-itat-jaipur-cancels-penalty-and-gives-full-relief/articleshow/134210569.cms When Mr Saxena from Malviya Nagar got an onsite job offer from a multinational company in the United States of America

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Advance tax deadline today: What will be the consequences if you miss September 15, 2026, due date?

Read more at:https://economictimes.indiatimes.com/wealth/tax/advance-tax-deadline-today-what-will-be-the-consequences-if-you-miss-september-15-2026-due-date/articleshow/134253751.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/advance-tax-deadline-today-what-will-be-the-consequences-if-you-miss-september-15-2026-due-date/articleshow/134253751.cms The deadline for filing the second instalment of advance tax is today (Tuesday, September 15, 2026). Missing the due date today can

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NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITAT

Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-woman-declared-rs-43796-income-in-itr-but-didnt-report-rs-14-lakh-interest-faced-200-penalty-how-she-got-it-reduced-to-50-in-itat/articleshow/134257310.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/nri-woman-declared-rs-43796-income-in-itr-but-didnt-report-rs-14-lakh-interest-faced-200-penalty-how-she-got-it-reduced-to-50-in-itat/articleshow/134257310.cms A 57-year-old non-resident Indian (NRI) woman declared a total income of just Rs 43,796 while filing her ITR for the assessment

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Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reason

Read more at:https://economictimes.indiatimes.com/wealth/tax/student-gets-rs-18-34-lakh-stipend-from-university-and-pays-no-income-tax-gets-notice-from-income-tax-department-she-wins-the-case-in-itat-delhi-for-this-reason/articleshow/134263104.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/student-gets-rs-18-34-lakh-stipend-from-university-and-pays-no-income-tax-gets-notice-from-income-tax-department-she-wins-the-case-in-itat-delhi-for-this-reason/articleshow/134263104.cms When Smt Lata from Rewari, Haryana, got a Rs 18.34 lakh stipend from the Aligarh Muslim University for her PG Medical education and

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Proposed steps by RBI–to contain menace of cyber frauds vis a vis mule accounts –[1] Hold to stop debits [2] Banks will have to immediately [a] inform the customers about the “hold ” –[b] the reasons for it –[c] the process for its removal [d] contact details of the concerned officer –[3] Customers to get 20 days to submit an explanation [4] Bank to take decision within 10 days [5] If no explanation is received from the customer, bank will have 30 days from the date of temporary hold to take a decision [6] If the bank is not satisfied with the customer explanation, bank will report the matter to jurisdictional police authority [7] If no instruction requiring continuation of the hold is received–from the competent authority –within 30 days of reference — the bank will have to remove the hold– [8] Seek reference to entire article –Courtesy BS

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