Under the new rules, customers can conduct five free transactions, both financial and non-financial , from ATMs of their banks. For other banks, they will be allowed to make three transactions for free in metro centers and five transactions without charge
Section 269ST of the Income Tax Act provides that no person can receive an amount of INR 2 Lakhs or more in cash: In aggregate from a person in a day; In respect of a single transaction; or. In respect of transactions relating to one event or occasion from a person.
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