Cash transaction limit to allow in Agricultural land buy at a time of Registry

In either case you cannot pay R.s. 2 lakhs or more by lump sum or in installment as the whole deal is single event.

Sir,

https://www.caclubindia.com/experts/can-a-person-purchase-agriculture-land-by-making-payment-in-cash-up-to-2-lakhs-2884829.asp

But in this post reply, 2 lakh is permissible

The words in the section means anything lesser than 2 lakhs can be taken... which also means upto 2 lakhs, but not exactly 2 lakhs.

Refer the section....

""Mode of undertaking transactions.

269ST. 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 or through such other electronic mode as may be prescribed.

Provided that the provisions of this section shall not apply to— .......