Cash in hand
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2014
how much cash in hand one can ? ... my query if a person filling his return since 97 now he has around 12K cash AO is on the opinion that cash in hand of so much money isn't logical, what action he can take because the concern ITR has been transferred to income tax office for verification.
Nikhil Kaushik
(Expert)
17 August 2014
you can have as much cash as you wish. You just need to provide the details for the source of such money
28 August 2014
no limit for same but should have suprtings n legible sources for same to be saved.............
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