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Sec. 269st

This query is : Resolved 
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(Querist)
17 April 2017 As per sec. 269ST limit for receipt of cash for a single transaction in a single day is 300000
But can any one explain is this limit is for year wise or for single transaction ??
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
18 April 2017 The limit has been reduced to Rs 2 Lakhs from Rs 3 Lakhs. The limit is applicable per single transaction .
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