Large Amount For Cash


Anonymous
watch_later 1 month ago

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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