Cash receipts exceeding rs. 2.00 lac
Querist : Anonymous
" No person shall receive an amount of two lakh rupees or more—
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:"