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UPI payments limit for one financial

This query is : Resolved 

12 July 2022 Sir,
One of the cloth business person sales and purchases transaction amounts receipts and payments through on UPI mode receipts rs:25 lacs and payments rs:15 lacs one financial year savings bank and current account bank in f.y.21-22.
Question:
UPI mode receipts and payments transactions limit one financial year under it act for saving bank and current account.
2.a person it returns filed compulsory in f.y.21-22.

12 July 2022 1. No limit under IT act
2. Yes, unless the gross total income is below exemption limit.



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