Minimum Cash Balance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2010
What is the minimum cash balance to be maintained by a propritorship concern?
Ram Avtar Singh
(Expert)
16 March 2010
Not define. But Not negative.
if you have cash balance up to or above 50000 it will add in welth tax.
if you have less than 50000 it will not add in welth tax.
if you have cash balance up to or above 50000 it will add in welth tax.
if you have less than 50000 it will not add in welth tax.
16 March 2010
There is no limit but it should be reasonable and explainable.
CMA Ramesh Krishnan
(Expert)
16 March 2010
it is based on the avg.daily transactions
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