watch_later 13/12/21

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.

1 Response | Latest response: 20/12/21 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 20/12/21

THERE are certain provisions and regulations relating to limits on reciept and payments but not on maintaining cash balance.

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