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Transaction In Cash Above Rs 3 Lakhs Is Prohibited In India

TRANSACTION IN CASH ABOVE RS 3 LAKHS IS PROHIBITED IN INDIA

From this budget a new Section 269ST is proposed to prohibit the receipts of cash in excess of Rs 3,00,000 from a person in a single day or in respect of any single transaction. However, this restriction shall not apply to Government, any banking company, post office savings bank or co-operative bank or any other […]

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