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Daily Archives: May 20, 2021

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Deadline for filing Income tax return for individuals extended upto 30th September

Income taxBy Surendra NaikMay 20, 2021

The Central Board of Direct Taxes (CBDT) today extended the due date of filing income tax returns for 2020-21 for individuals till 30 September. CBDT has also extended the ITR filing deadline for companies by a month till November 30.Further, submission of TDS statement for Q4 of FY 2020-21 is extended to 30th June 2021…

What is the role of TPAPs in the payment space?

Information TechnologyBy Surendra NaikMay 20, 2021

In the payment space, third-party service providers are primarily in the form of TPAPs, Payment gateways, and Payment aggregators. Presently, around 200 crore UPI transactions are undertaken each month out of which a sizeable share are originated through the Third Party Application Providers (TPAPs). In the financial space, third-party apps are often connected to a…

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