https://www.taxtmi.com/forum/issue?id=111478 A statutory amendment prohibits receipt of cash above a specified threshold while exempting banks, financial institutions and non-banking financial companies in their institutional capacities; whether cash withdrawals by individuals from banks constitute a covered "receipt" exceeding the threshold is presently unresolved and awaits regulatory clarification. en-us Wed, 08 Feb 2017 14:45:43 +0530 Thu, 23 Jan 2025 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111478 A statutory amendment prohibits receipt of cash above a specified threshold while exempting banks, financial institutions and non-banking financial companies in their institutional capacities; whether cash withdrawals by individuals from banks constitute a covered "receipt" exceeding the threshold is presently unresolved and awaits regulatory clarification. Discussion-Forum Income Tax Wed, 08 Feb 2017 14:45:43 +0530 https://www.taxtmi.com/forum/issue?id=111478