Cash balance large amount
This query is : Resolved
30 January 2021
Sir,
One of a sec 44ada professional income I.t.return filer large amount Rs:30 lacs cash on hand balance show in books as on 31-03-20.
Question:
1.Assess large amount cash on hand balance show in I.t. return allowed and any problems future.
2.how to adjustment procedure large amount in books.
One of a sec 44ada professional income I.t.return filer large amount Rs:30 lacs cash on hand balance show in books as on 31-03-20.
Question:
1.Assess large amount cash on hand balance show in I.t. return allowed and any problems future.
2.how to adjustment procedure large amount in books.
31 January 2021
The cash balance should correspond to the turnover shown in ITR.
Message likes :
2 times
31 January 2021
1. Large amount of cash allowed but it depends of nature of business and your receipts from them.
2. Deposit such cash in bank or withdraw it for personal use
Message likes :
1 times
03 February 2021
Sir,large cash balance amount some amount cash loans to debtors money payment allowed adjustment in books.
03 February 2021
SIR, THESE THINGS CANT BE DISCUSSED ON PUBLIC PLATFORM. BETTER YOU CONSULT LOCAL CA OR SOMEONE WHO EXPLAINED YOU OVER TELEPHONE
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
