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money transfer

This query is : Resolved 
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(Querist)
29 May 2017 I have fino money transfer software if I transfer exceed 2 lakh through such software in singal day and collect money from customer and after the end of the day collected amount give to the distributor then violation of the act or not please give me suggestions for that
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
29 May 2017 Yes it is violation if amt exceeds Rs 200000/- from 1 person for single transaction.
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