There is limit of 2 Lakh for transaction in one day and It specially mention cash transaction. Most of the term over there are complex to understand.
- What is considered as Cash transaction ?
- Is payment through debit card or credit card ?
- Is payment through online banking ?
- Is payment through cheque ?
- Or cash payment means payment with physical money ( currency note)
- Now a days if some one needs to purchase a car or purchase a good computer and some cases some course fees seems to be costly and required payment that may exceed above limit.
- There are some videos and some blog but it did not clearly mention anything and it goes in direction of different suggestion instead of giving clarity.
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