Large Amount For Cash

Sir,

One of a sec 44ada professional income I.t return filer large amount Rs:30 lacs cash on hand balance show in books at the end of the finicial year March,2020.

Question:

1.Assess large amount cash on hand balance allowed  and if any problems future in I.t. act.

2. How to adjustment procedure large amount cash in books at end of the finicial year.

• chatComments
  you cannot show such huge cash balance. - Palak Anandpara
  you can write off such balance by showing expenses or drawings - Palak Anandpara
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