Limit for cash mode and digital mode amount received

it assessess maintained a private hospital including pharmacy store
question:
assessess cash mode receipts and digital mode receipts (Google pay and paytam and phone pay) limit per day received from one patient for hospital and pharmacy store in it act
Replies (2)
Quick Summary
This discussion clarifies the limits for receiving cash and digital payments in a private hospital setting, including its pharmacy. While there's no overall limit on cash receipts, reporting compliances apply if cash from a single patient exceeds certain thresholds. For digital payments like Google Pay, PhonePe, and Paytm, there are no daily limits as they are bank-routed. However, for cash transactions, you can accept up to £199,999 per person per day for a single invoice.

As far as receipt is concerned you can receive cash as much as you get. But there are reporting compliances where cash receipts from one person exceeds certain limits. For digital payments since they are routed through banks there is no issue.
You can accept a sum upto 199999 in cash from one person in a day for a single invoice.
For digital transaction, there is no time limit.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details