Question

2,623,200 is this 2lakhs or 26lakhs......?​

Answer 1

Explanation:

26 lakhs 23 thousand 2 hundred

Answer 2

Answer:

Section 269ST was introduced by Finance Act, 2017. The intention of the government is to ban all transactions in cash above Rs. 2 lacs from 01.04.2017. Therefore now any person who enters into a transaction above Rs. 2 lacs in cash, will be liable to a penalty of an amount equivalent to the amount of transaction.