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Cash Transactions doubt?
Cash rec'd max 200000 per day.But Petrol bunks,Jewellery shop,Hospitals etc.Collected morethan 2 lakhs per day.?Exemption for hospital,Petrol bunks,Jewellery shop?Plz clarify
Replies (3)
No there is no such exemption. But they do not accept cash of more than Rs. 2 Lakhs from a single individual.
Sec 269 ST provisions are there.
Ok sir.Thank you for ur information
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