sir,
A Doctor maintained a private hospital included with pharmacy stores.
Cash balance amount rs:40 lacs as per hospital account books as on dt:31-03-24
Cash balance amount rs:30 lacs as per pharmacy stores account books as on dt:31-03-24
Doubt:
Assessee cash balance amount rs:30+40 lacs deposit in bank account compulsory as on dt:31-03-24
There is no rule that cash has to be deposited. However, you must have the proof to prove that its genuine cash from actual sales. Also you should also follow rules related to cash receipts.
Interesting scenario! Seems like a lot of cash on hand. Wonder if the doctor is trying to avoid taxes or just hasn't modernized their accounting. Makes you think about strategies, almost like planning a deck in pokerogue . You gotta consider all the angles, analyze the pokerogue dex of possibilities, and make the right move! Perhaps they should consult a tax professional to strategize, rather than holding all that cash.
I hadn’t considered that the 31 March cut-off refers to cumulative cash deposits across the whole financial year, not just one large transaction. That changes how I need to review my bank statements before filing. Definitely worth a careful check.
Wow, that's a significant amount of cash on hand for both the hospital and the pharmacy! I can see why there might be some questions arising, especially with the end of the financial year. Making sure everything's squared away is key. If you ever need a break from crunching those numbers, a quick session of Drift Hunters can be a fun way to clear your head!
Regional regulations are an important consideration when comparing casino establishments and gambling-related websites across Australia. While exploring digital resources about the country's entertainment industry, I came across a reference to Crown Casino, which prompted me to examine how licensing information can be independently verified. I wanted to understand whether the website clearly identifies its operator and the jurisdiction governing any services it describes. Reliable company disclosures, accessible legal terms, and accurate regulatory references can help visitors evaluate unfamiliar domains. Privacy protection and transparent payment procedures are additional considerations whenever online financial services are mentioned. Casino activities involve uncertainty, making personal spending limits and awareness of possible losses particularly important. Checking authoritative sources allows me to distinguish established facts from unsupported claims about gambling services.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion