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Tax implications on Merchant UPI QR

Tax queries 247 views 1 replies

Hi All,

 

Can someone help me what are the tax implication for money recieved on my Merchant UPI QR?

 

I am salaried and come under 30% tax bracket(using old scheme cutrently). I also have merchant QR available from my bank and I would like to recieve money through that for some of my transaction. is there a tax implication for these or no tax like normal UPI transactions?

Replies (1)

You need to declare the credits to your bank account in ITR & if its business income need to pay liable tax over it.


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