Cash on hand limit
This query is : Resolved
26 December 2016
Hello sir/madam
at the time of Proprietorship Account up to which limit can i show cash on hand?
is there any problem if cash on hand up to Rs. 50000
at the time of Proprietorship Account up to which limit can i show cash on hand?
is there any problem if cash on hand up to Rs. 50000
26 December 2016
No problem you can have cash up to the amount or more. But always keep the cash in the bank acs which is safe.
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26 December 2016
thank you sir, more than 50000 will cover in wealth tax criteria is it right?
26 December 2016
thank you sir, more than 50000 will cover in wealth tax criteria is it right?
26 December 2016
Wealth tax is abolished not applicable now.
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