How much cash inhand can a company keep
This query is : Resolved
ALOK C MISHRA
(Querist)
11 June 2013
i have a query that how much cash in hand can a company keep so that it avoids wealth tax payment. and i know that in income tax there is no such limit inn keeping of cash. but what about wealth tax.
CA Mehta Ankur N.
(Expert)
11 June 2013
In wealth tax also company can keep any amount of cash if its recorded.
In short Company should not posses unrecorded cash with it.
In short Company should not posses unrecorded cash with it.
ALOK C MISHRA
(Querist)
08 August 2013
thanks sir
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