Huge cash in hand balance

satya narayana (Student CA IPC / IPCC) (124 Points)

17 April 2014  

Dear All,

 

If a company has huge cash in hand balance at the end of the financial year, is that company required to pay any tax on that cash in hand balance at the end. If not is there any problem of having such huge balance, what are the consequences?

 

Please reply as early as possible