Restrictions on cash transactions are as follows:

1. section 40A(3) + section 40A(3A) - Cash payments towards expenditure/asset purchase should not exceed of Rs. 10,000/- 

2. Section 269SS-269T - loans & advances received/repayments made vide cash, should not exceed Rs.10,000/-

3. Section 269ST - income receipt, in any mode other than specified, should not exceed Rs.2,00,000/-....
                                      (a) in aggregate from a person in a day
                                      (b) in respect of a single transaction; or
                                      (c) in respect of transactions relating to one event or occasion from a person

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