Thaneshwar Jangid (Advocate Finance and Compliance Executive) (26 Points)
16 July 2024If 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?
CA Anoop Kumar Sharma
(Accounts Manager)
(2070 Points)
Replied 16 July 2024
sabyasachi mukherjee
(27636 Points)
Replied 16 July 2024
Thaneshwar Jangid
(Advocate Finance and Compliance Executive)
(26 Points)
Replied 23 July 2024
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?
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
CAclubindia
