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IMPS is an instant payment inter-bank electronic funds transfer system in India, managed by NPCI. It offers 24/7 service through mobile phones and is the basis of Unified Payments Interface.
Learn about the legal framework, regulation and types of payment and settlement systems in India, covered by the Payment and Settlement Systems Act of 2007. Find out how RTGS, NEFT, UPI and other methods of electronic payments work and compare their fees and timings.
TDS stands for tax deduction at source, a withholding tax in India that applies to various types of income, dividends, or asset sales. Learn about the objectives, rates, provisions, and certificates of TDS under the Income Tax Act of 1961.
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ICICI Bank is a private bank that offers a wide range of banking and financial products and services for corporate and retail customers. It has a network of 6,000 branches and 17,000 ATMs in India and a presence in 17 countries, including the US, UK, Singapore, and China.
Since the Internal Revenue Service reported that third-party payment processors will be responsible, starting in 2022, for reporting payments issued on a 1099-K form, people who use these ...
ITR stands for Income Tax Return, a form that assesses file information about income and tax to the Income Tax Department of India. Learn about the different types of ITR forms, the eligibility criteria, the due dates, and the penalties for late filing.
Learn about the history, law, administration and collection of income tax in India, a key source of government funding. Find out how income tax is governed by the Income-tax Act, 1961 and other laws, and how it applies to different types of taxpayers and income.
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