If amount received in a financial year through UPI from various person totals for more than 3-4 Lakhs, how will the same be considered for ITR? Does the receipt need to be declared and if yes, under what categories of Income from OS?
If amount received in a financial year through UPI from various person totals for more than 3-4 Lakhs, how will the same be considered for ITR? Does the receipt need to be declared and if yes, under what categories of Income from OS?
Receipt of sum upto 50,000 through UPI is exempt from Tax.
This amount denotes the total amount received through UPI in a financial year or from one individual only?
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