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Regarding Cash transaction

Dhanashree Lashkare

Can i Received Cash in one day from one person above 20,000/-

Conflicting Views on Legality of Receiving Over 20,000 INR Cash in One Day Under Indian Law A user inquired about the legality of receiving cash transactions exceeding 20,000 INR from a single person in one day under Indian laws. One respondent advised that such transactions should be conducted via cheque or demand draft, while another respondent confirmed that receiving such an amount in cash is permissible. (AI Summary)
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