Cash receipt limit 269ss


This query is : Resolved 

Quick Summary
This discussion clarifies the applicability of sections 269SS, 269ST, and 269T to LIC of India regarding cash deposits for policy premiums or loan repayments. The consensus is that these sections do apply to LIC. However, an important exception exists for government companies or corporations established by the government, which may be exempt from these cash transaction limits.

15 June 2023 Whether 269SS, 269ST, 269T is applicable to LIC of india. ( Can we deposit more than 2 lakh as a premium of policy or repayment of loan)

RAJA P M (Expert)
15 June 2023 Yes, It's applicable to LIC also.

15 June 2023 But exception to 269SS, 269ST, 269T given that government company or corporation established by the government


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