Sir
My question
1)cash on hand maximum limit year ending March for individuals and firms.
2)cash hand loan paid to debtor limit for I.t. assess and non I.t. assessee.
1. There is no maximum limit. You can hold any amount after paying tax on it.
2. Loan is fixed at 10,000 whether IT assessee or non IT assessee.
Read article cash limits under income tax.
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