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Receipts and payments limit for one finicial year

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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28 March 2021 sir,
it assess all receipts and payment trading transations through on online mode like google pay and phone pay etc.
Question:
Assess any limit for online mode transactions one finicial year in it act

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 March 2021 It also restricts you from sending money more than 10 times in one day across all UPI apps. However, since there is a limit of ₹1 lakh in a day, a single transaction cannot be more than ₹1 lakh and you will need to wait until the next day to send more money

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