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Cash receipt in a single day

This query is : Resolved 

How much cash can be received by a whole seller in a single day against a single invoice?
Further I want to know if payment made for business expenditure of more than 10000 in a single day to a single person, it disallowed to person who made it but who received the payment, what will be the impact in his book?


1 Rs 1,99,999 can be received in cash against single invoice in a day.
2 Recipt more than 10,000 no problem.

Yes, you can receive upto Rs. 1,99,999 in a single day against a single invoice.
Rs. 10,000 will be disallowed in case of the person who is making the payment

Thank you sir
It has been a matter of doubt to me since I have read sec 40A(3)


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