CBDT to Levy Penalty for not providing Facility to Accept Digital Payments from 1st Feb

The Central Board of Direct Taxes ( CBDT ) to levy a penalty for not providing facility to accept digital payments from February 1st, 2020. In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU of the Income Tax … Continue reading CBDT to Levy Penalty for not providing Facility to Accept Digital Payments from 1st Feb