Imps payment related


This query is : Resolved 

Quick Summary
This discussion clarifies that IMPS payments to vendors for business purposes are acceptable under income rules and are considered a digital payment mode recognised by the ITD. It also addresses whether a client with business and stock market income can file ITR-3 under Section 44AD, confirming this is possible if they meet the eligibility criteria for Section 44AD of the IT Act.

27 June 2025 Imps payment can be made to vendor through current account as per income rules? It's payment for business purposes

27 June 2025 Yes. it comes under digital payment mode, which is accepted by ITD.

27 June 2025 A client has business and stock market income, can we file ITR- 3 in Business Income under Section 44AD?

27 June 2025 Yes, provided he is eligible as per sec. 44AD IT act

27 September 2025 Good luck..


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