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Utility bills to count toward tax discount

The payment of utility bills using credit or debit cards will also count toward the tax discount for electronic transactions, according to sources, as the state appears unable to distinguish such payments from spending on goods and other services.

E-spending discount details are out

E-spending discount details are out

The Finance Ministry has finally issued a list detailing the types of electronic spending – credit and debit cards, e-banking and money forwarding – that will count toward the income tax discount granted to most taxpayers as of this year.