Dear Sir,
Govt has introduced Section 269SU of Income Tax Act for making it compulsory to businesses whose turnover is above 50 Crores to provide facility for accepting payment through following electronic modes, in addition to the facility for other electronic modes of payment, if any, being provided by such person, namely:—
(i) Debit Card powered by RuPay;
(ii) Unified Payments Interface (UPI) (BHIM-UPI); and
(iii) Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code).”.
How to get these above 3 facilities?
CAclubindia
