Cash deposit directly by customer jiin seller bank account

CA Priyank Gandhi (Chartered Accountant) (30 Points)

19 December 2020  
Rs 225000 directly deposited in seller bank account by customer in single transaction on single day in November 2019 fy 2019-20. Is any penalty attract to seller since more than Rs 200000 deposited in Bank account. Though he has not received cash in his hand.