Cryptocurrency Q&A
What is the limit of cash per day?
What is the limit of cash per day?
Martina
Wed Oct 09 2024
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7 answers
1505
Excuse me, could you please clarify what you mean by "the limit of cash per day"? Are you referring to a specific bank's daily cash withdrawal limit, a government-imposed limit on cash transactions, or perhaps a limit imposed by a cryptocurrency exchange or platform? Depending on the context, the answer can vary greatly. For instance, if we're talking about a traditional bank, the daily cash withdrawal limit can depend on various factors such as the customer's account status, the bank's policies, and the country's regulations. On the other hand, if we're discussing cryptocurrency, there might not be a universal limit as it can depend on the specific exchange or wallet provider. Could you please provide more context or specify the context in which you're asking this question?
7 answers
SumoMighty
Fri Oct 11 2024
The Income Tax Act of India imposes strict regulations on the receipt of cash transactions.
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Stefano
Thu Oct 10 2024
The enforcement of this section is critical in ensuring compliance with tax laws and promoting a culture of honesty in financial transactions.
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AzrilTaufani
Thu Oct 10 2024
Specifically, under Section 269ST, it prohibits individuals from receiving an amount exceeding Rs 2 lakh in cash from a single person in a single day.
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Lorenzo
Thu Oct 10 2024
Violations of Section 269ST can lead to significant penalties, including heavy fines and imprisonment.
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CryptoAce
Thu Oct 10 2024
Cryptocurrency exchanges like BTCC play an important role in facilitating digital transactions and offering alternative investment opportunities.
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