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