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  • I-T Dept Warns Against Cash Dealings Above Rs 2L

    Publish Date : 29 Aug 2017

    The Income-Tax Department on Monday warned people against cash Rs 2 lakh and more, dealings of ` saying any violation of this cap will invite strict penalty under law.

    In a public message, the department said “accepting Rs. 2 lakh or more in aggregate from a single person in a day for one or more transactions relating to one event or occasion is prohibited“. - www.economictimes.indiatimes.com [29-08-2017]

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