Cash limit

Sir,
As per my current update there is limitation of Cash receipts of Rs. 2 lacs for a single bill per day. You can receipt upto 200,000 per days for a bill as law says. you can deposit any amount of sale in a day in your current account accept take take limit of receiving of cash of Rs. 2 lacs.
for the making payment you can not pay cash above 10000 for a bill otherwise it will disallowed by department.

apart from law for receiving cash it better to receive to by banking transaction. but there is not issue as your query concern accept above has been followed..