These sections were introduced in order to prohibit cash transactions and promote digital transfers.
Section 269st:- This section prohibits receipt of Rs 2,00,000 or more in cash from a single party in a day or in respect of transactions pertaining to a single event or with respect to a single transaction.
This section is not applicable to:-
· Government
· Any banking company
·!– /wp:paragraph –>
·!– /wp:paragraph –>
·!– /wp:paragraph –>
·!– /wp:paragraph –>
·!– /wp:paragraph –>
·!– /wp:paragraph –>
