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CBDT advised banks to refund charges collected on electronic transactions carried over modes prescribed u/s 269SU

August 31, 2020
The Central Board of Direct Taxes (CBDT) has directed banks to immediately refund the charges collected, if any, on or after 01-01-2020 on transactions carried out using the electronic modes prescribed under section 269SU of the Income-tax Act. Further, they are advised not to impose charges on any future transactions carried through the said prescribed modes
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