It assessess maintained a private hospital including pharmacy store two business same person.assessee amount received from one patient for treatment purpose rs:2,50,000/- bill value and pharmacy bill value rs:30,000/-
Question:
Assessess amount cash receipt mode and UPI receipts mode limit per day from one patient in it act.
As per Income Tax Act, there is no such limit mentioned for UPI transactions. However, your bank might have certain limits depending on account type. For cash receipts, you can receive a maximum of up to ₹2 lakhs from one person/patient for a single event.
Hope it helps.