SIR,
It assessee business sales turnover rs:1.50 lacs in f.y. 20-21. but cash on hand balance huge amount rs:20 lacs finicial year ending(march) as on DT:31-03-21.
Quetion:
Assessee cash on hand balance huge amount any limit provision applicable in it act.
THERE are certain provisions and regulations relating to limits on reciept and payments but not on maintaining cash balance.
JOIN LARGEST DISCUSSION PLATFORM
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion
