Dealing with cash payment abovr 20000

sujeet (properitor) (41 Points)

11 December 2013  

please guide me

Is there any   maximum limit  for receiving a cash payment ..

Is this maximum limite applicable for single cash receipt . or cash reciept  in a day , cash received in a year.

If i am doing a business of agricultural crop .... can i receive a payment of rupees 2 lac in cash against my crop.