treatment of cash in hand in wealth tax
This query is : Resolved
23 December 2011
sir, in wealth tax in treatment of cash in hand as an asset for companies i didn't understand "any amount not recorded in books of account"..... plz answer
sir, in wealth tax in treatment of cash in hand as an asset for companies i didn't understand "any amount not recorded in books of account"..... plz answer
23 December 2011
1.Cash in hand in excess of Rs. 50000 in case of individuals and HUF is asset in wealth tax act.
2. In any other case like company any amount not recorded in books of accounts(whether in excess of Rs. 50000 or not)
means unrecorded cash in the books of accounts. means unaccounted cash found in case of search & seizure.
2. In any other case like company any amount not recorded in books of accounts(whether in excess of Rs. 50000 or not)
means unrecorded cash in the books of accounts. means unaccounted cash found in case of search & seizure.
Message likes :
3 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
