Cash transaction limit rs,300000/-

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ANIMESH PANDEY (Querist)
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08 February 2017 Dear Sir ,
pls help me explain the limit of Rs.300000/- fixed for cash transactions . what this limit mean actually . per day or per transaction or per year per transaction or per year per party

ACS Shilpa Baheti

ACS Shilpa Baheti (Expert)
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16 February 2017 No cash transaction above ₹ 3 Lakhs will be permitted in respect of a single transaction or a number of transactions with a person in a single day.

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Cash transaction limit rs,300000/-

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