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Cash receipt

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(Querist)
23 November 2019 Can a third party directly deposit an amount exceeding Rs. 2,00,000 into my account? What is the ceiling for direct cash deposits?
• In case he transfers directly from his account –
• In case he deposits directly to my account –
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 November 2019 No, upto a ceiling of 2 lacs only allowed.

1 No ceiling for account transfer.
2 2lacs ceiling for cash deposit.

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