restriction on cash receipts
- in aggregate from a person in a day; or
- Per Transaction; or
- Per event/occasion from a person, [other than by an A/c Payee Cheque/draft/ECS (Sec 269 ST)]
> Following cash transactions amount to Violation of Sec 269ST attracting penalty –
- Any cash is deposited directly into your bank accounts by others (including customers) of Rs.2 lakhs or more in a day or with respect to a single transaction or event or occasion would also amount to violation.