2 lac cash transaction

par day not received 200000/-

The Income Tax department  clarified that businesses and traders receiving cash exceeding Rs 2 lakh in any single transaction for sale of goods and services are required to report it to the authorities. 

The norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT notification dated October 6, 2016, clearly indicating that the said transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding rupees two lakh for sale of goods or services PER TRANSACTION
 

MEANS NEXT DAY WE AGAIN RECEIVED

u can received less than 200000/- per transaction 

in others words u cant recieved more than 200000/- 

from any one and even u received not dosclose it 

There is limit with regard to amount to be  received in cash depending on the purpose 

For more details refer below link

https://www.simplifiedlaws.com/new-requirement-of-filing-form-no-61a-for-statement-of-financial-transactions-wef-1st-april-2016/