Cash balance amount deposit in bank account compulsory as on dt:31-03-24
This query is : Resolved
Kollipara Sundaraiah
(Querist)
13 March 2024
Sir,
A Doctor maintained a private hospital included with pharmacy stores.
cash balance rs:40 lacs as on dt:31-03-24 as per hospital account books.
cash balance rs:30 lacs as on dt:31-03-24 as per pharmacy stores account books.
Doubt:
Assessee cash balance amount rs:30+40 lacs deposit in bank account compulsory as on dt:31-03-24
A Doctor maintained a private hospital included with pharmacy stores.
cash balance rs:40 lacs as on dt:31-03-24 as per hospital account books.
cash balance rs:30 lacs as on dt:31-03-24 as per pharmacy stores account books.
Doubt:
Assessee cash balance amount rs:30+40 lacs deposit in bank account compulsory as on dt:31-03-24
CA R SEETHARAMAN
(Expert)
13 March 2024
Not compulsory as on 31st March to deposit cash, but it's advisable to deposit cash in bank account.
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