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.
Message likes :
1 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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- Capitalgain tax purposes for valuation report compulsory
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
