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Limit of cash on hand

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 August 2018 Sir,
One individual I.t. person return 2017-18 finicial year filed.cash on hand 31.03.2018
3 lakes as per books. Maximum amount limit cash on hand under I.t. act.

19 August 2018 No limit. Amount in hand should correspond to income declared and past years savings and expenses.


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