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Minimum Cash Balance

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2010 What is the minimum cash balance to be maintained by a propritorship concern?
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Ram Avtar Singh

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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.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
16 March 2010 There is no limit but it should be reasonable and explainable.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 March 2010 it is based on the avg.daily transactions
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