Income Tax 5 August 2026
UPI Transactions Charged
The proposed changes to three laws may affect UPI transactions above Rs 2000, with potential charges applies, the Payment and Settlement Systems Act, the Income-Tax Act, and the Finance Act are the laws that will be modified, it is still unclear how this will impact users
Proposed changes to laws may impact UPI transactions above Rs 2000. The changes include modifications to the Payment and Settlement Systems Act, the Income-Tax Act, and the Finance Act. - key points include:
- proposed charges on transactions above Rs 2000
- unclear impact on users
- modifications to three laws
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