of course, but it is a single event right. Pl refer the below
Insertion of new section 269ST.
84¬†. After section 269SS of the Income-tax Act, the following section shall be inserted, namely:‚ÄĒ
'269ST.¬†Mode of undertaking transactions.‚ÄĒNo person shall receive an amount of two lakh rupees or more‚ÄĒ
(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:
Provided¬†that the provisions of this section shall not apply to‚ÄĒ
(i)¬†any receipt by‚ÄĒ(a)¬†Government;(b)¬†any banking company, post office savings bank or co-operative bank;(ii)¬†transactions of the nature referred to in section 269SS;(iii)¬†such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify.
Explanation.‚ÄĒFor the purposes of this section,‚ÄĒ
(a)¬†"banking company" shall have the same meaning as assigned to it in clause (i) of the¬†Explanation¬†to section 269SS;(b)¬†"co-operative bank" shall have the same meaning as assigned to it in clause (ii) of the¬†Explanation¬†to section 269SS.'