Piyush Garg (Senior consultant ) (21 Points)
18 May 2023Hi 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?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 18 May 2023
You need to declare the credits to your bank account in ITR & if its business income need to pay liable tax over it.
CAclubindia
