Is it compulsory to show cash balance in ITR-1/2?
Is it compulsory to show cash balance in itr-1/2?
RAHIL (ACCOUNTANCY) (247 Points)
28 February 2017
Appu Philiph
(Kerala)
(136 Points)
Replied 28 February 2017
ITR representing total income of indivijual from various head(Like Bussniess,Salary).There is not required to diclose any cash balance held with indivijuals if book accounts is not maintanined by particular person.So there is no required disclose cash balance in ITR.......
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
