Transaction In Cash Above Rs 3 Lakhs Is Prohibited In India
![TRANSACTION IN CASH ABOVE RS 3 LAKHS IS PROHIBITED IN INDIA](https://ovakil.com/wp-content/uploads/2022/05/article_image1120180908112937-1024x523.png)
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 […]