Cash transaction limit

Pathak Harsha (Accounts) (35 Points)

30 April 2017  

Dear Sir,

I am doing business with 4 different companies and depositing cash in company account regularly below 2 lakh which is approximate total 7-8 lakh.for all companies. Is it right or any controversy?

Please advice Can I deposit in cash 2 lakh only for all companyaccounts or 2 lakh per company account.

Your kind cooperation in above shall be highly appreciated.

Regards

Hari Shanker Pathak