Cash balance period
This query is : Resolved
MUHAMMAD ASIF PEERAN
(Querist)
26 January 2013
How many days an assesse can have cash balance in hand without depositing in bank
under income Tax Act 1961
under income Tax Act 1961
HUZAIFA HUSSAIN
(Expert)
26 January 2013
THERE IS NO SUCH TIME LIMIT IN INCOME TAX ACT, AS LONG AS YOU CAN PROVE THE SOURCES OF INCOME.
CA Prashant Gupta
(Expert)
27 January 2013
no such time is prescribed. you can keep cash till you want.
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