Cash deposite regarding
This query is : Resolved
12 November 2016
dear sir the gross total income it to be consider to deposite cash in bank or cash in hand.
suppose may gross total income as per return Rs 265000 and cash in hand as per balacesheet Rs 300000 and Loans advance Rs 150000 in this cash howmuch cash i can deposit...
suppose may gross total income as per return Rs 265000 and cash in hand as per balacesheet Rs 300000 and Loans advance Rs 150000 in this cash howmuch cash i can deposit...
ANKIT AGARWAL
(Expert)
14 November 2016
Balance Sheet Concept does not have much relevance for individuals filing ITR-1 or ITR- 4S [not showing Cash Balance]. Substance over form is important.
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