- Section 269ST of the Income Tax Act aims to reduce cash transactions and move towards a less cash economy. It prohibits receiving cash amounts of Rs. 200,000 or more from a person in a day, for a single transaction, or related to one event from a person. - Cash receipts are prohibited if they aggregate to over Rs. 200,000 from a single person in a day, for a single transaction over multiple days, or related to one event from multiple people. Exceptions are made for government entities and transactions covered under other sections. - Issues around cash withdrawals from bank accounts and e-wallet transactions are discussed, as the section's intent is not to restrict normal business or individual cash needs from