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Section 269st cash recipt

This query is : Resolved 
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(Querist)
08 February 2022 Any individual who violates the provisions provided under section 269ST of income tax act by receiving in cash amount of Rs. 2 lakh or exceeding rs .2 lakhs shall be liable to pay a particular sum of amount as penalty for the violation.

Means ; can we receive Rs.2,00,000/- or 1,99,999/-
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 February 2022 Any thing less than Rs. 2 lakhs...
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muthusundar

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muthusundar (Querist)
08 February 2022 thank you sir for your immediate reply
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 February 2022 Most Welcome ...

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