Last Updated on: April 3, 2026
Section 186 Income Tax Act 2025
Mode of undertaking transactions.
186. (1) No person shall receive an amount of ₹ 200000 or more—
| (a) |
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in aggregate from a person in a day; or |
| (b) |
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in respect of a single transaction; or |
| (c) |
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in respect of transactions relating to one event or occasion from a person, |
except through—
| (i) |
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an account payee cheque; or |
| (ii) |
|
account payee bank draft; or |
| (iii) |
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electronic clearing system through a bank account; or |
| (iv) |
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any other electronic mode, as may be prescribed. |
(2) Sub-section (1) shall not apply to—
| (a) |
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any receipt by Government, any banking company, post office savings bank or co-operative bank; |
| (b) |
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transactions of the nature referred to in section 185; |
| (c) |
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such other persons or class of persons or receipts, as may be notified by the Central Government. |
