Cash balance for return filed under Section 44AD

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A client filing their income tax return under Section 44AD has a query regarding the mention of cash balance. Specifically, they want to know the relevant provisions and if there are any minimum or maximum limits for the cash balance shown in the return. The advice given is to show the actual balance, as there is no specified limit.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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27 January 2022 Dear Sir,

One of my client files his income tax return filed under Section 44AD. I want to know what is the provision of mentioning cash balance under this section. Is there any minimum or maximum amount limit for showing in the return.

Please help me in this matter.

Regards,
Divyesh Jain