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The Central Board of Direct
Taxes (CBDT) has exempted certain cash transactions from the purview of the Rs 2-lakh restriction. The limit was introduced in this year's Budget as a part of efforts to promote the digital economy. The transactions kept out of this restriction are: money received by a business correspondent on behalf of a bank or cooperative bank; receipt by a whitelabel ATM operator from retail outlet sources on behalf of a bank or cooperative bank; receipt from an agent by an issuer of prepaid instruments; and receipt by a company issuing credit cards against bills raised in respect of one or more credit cards.