Cash balance
This query is : Resolved
26 August 2013
how much balance can I show in account cash in hand in my book.
26 August 2013
Show less than 50000 if you are proprietor,,
26 August 2013
If u show more than 50,000 as on 31.3.2013 then as per wealth tax act it has to be included in assets as per definition of asset under sec 2(ea) of Wealth Tax Act,1957.
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