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JulUPI Transaction Limit in Bank Account as Per Income Tax (2024) Income Tax Regulations for UPI Transactions Under the Income Tax Act, UPI transactions are classified as income from other sources and fall under section 56(2). Taxpayers must report all UPI and digital wallet transactions when filing their ITR. The income tax department diligently monitors UPI transactions. Individuals should […]
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MarFinance Minister Atishi outlined the State Government’s initiative to enhance the administration of Goods and Services Tax aiming for a seamless and faceless system. “In the fiscal year 2023-24, the tax collection for GST and VAT until January 2024 exhibited a growth of 13.96% compared to the previous year ( until January 2023 ), reaching Rs 31,445[…]
