cash deposit in bank
This query is : Open
17 November 2016
Hi Sir
I have filled a Income Tax Return of rs. 500000 and same above previous years. but there is no balance sheet prepared in this case hence how can calculate cash in hand for deposit in bank
please tell me about this method
17 November 2016
You can deposit up to 2.50 lacs.
17 November 2016
Just count your physical cash and that you need to deposit... Prepare a balance sheet and you find that the cash in hand as per books and as actually in hand are same.
17 November 2016
ok sir thank you
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