Taxpayers Corner News
India Moves to Shield UPI Users from New Merchant Fees
25 September 2026 at 09:04India's new UPI MDR rules from October 15, 2026 will apply a 0.4% fee to specified merchant payments above Rs 2000. Know who pays, exemptions, Rs 300 cap and how the government plans to protect consumers.
UPI MDR on Transactions Above Rs 2000: FM Sitharaman Clarifies Who Will Pay
22 September 2026 at 10:22Finance Minister Nirmala Sitharaman clarifies that UPI MDR will not be passed on to consumers. Know the 0.4% MDR rule, Rs 300 cap and transactions affected.
UPI 0.4% MDR Above Rs 2000: Grocery Shop Sign Sparks Fresh Debate
19 September 2026 at 09:43A grocery shop payment sign has sparked debate as a 0.4% UPI MDR on eligible merchant transactions above Rs 2000 takes effect from October 15, 2026.
India to Monitor UPI MDR Charges to Protect Consumers from Extra Costs
19 September 2026 at 09:43The government is set to closely monitor the implementation of Merchant Discount Rate (MDR) charges on certain UPI transactions, with a focus on ensuring that the additional cost does not ultimately reach consumers.The new MDR framework will apply to
UPI Remains Free for P2P Transactions, 96% of Merchant Payments Unaffected
16 September 2026 at 09:06UPI remains free for all P2P transactions, while 96% of merchant payments remain unaffected. Know the new MDR rules, ₹2,000 threshold and exemptions.
Taxpayers will not be able to file Form 15CA and 15CB from 31st May midnight to 6th June 2021
26 May 2021 at 06:02Taxpayers would not be able submit Form-15CA & 15CB during the intervening period of revamp of e-filing portal, i.e. from midnight of 31st May till midnight of 6th June, 2021.
Taxpayers wrongly charged with late fee u/s 234F inspite of extension announcement
02 January 2021 at 12:35It has been communicated by various taxpayers and professionals that the Income Tax Portal is charging a late fee u/s 234F in spite of the extension announcement dated 31st December 2020.
Central Government notfies the dealers in precious metals, precious stones as "persons carrying on designated businesses or professions"
29 December 2020 at 11:02The Central Government has notified that the dealers in precious metals and precious stones will be referred to as "persons carrying on designated businesses or professions".
1.4 lakh crore taxpayers declare income above 1 crore
23 October 2018 at 15:35CBDT releases Direct Tax Statistics Constant growth in direct tax-GDP ratio over last three yearsGrowth of more than 80% in the number of returns filed in the last four financial yearsNumber of persons filing return of income has also increased by ab
Tax structure needs to be simplified
23 July 2014 at 11:10Tax Structure Needs to be Simplified to Help the Taxpayers Becoming Tax Compliant Rather than Tax Evaders: Ms Nirmala Sitharaman, Minister of State for Finance Ms. Nirmala Sitharaman, Minister of State for Finance said that tax structure needs to be
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