Total cash balance for presumptive income
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2017
Whether Total cash balance for Presumptive income should include both cash in hand & bank balance or only cash in hand?
28 July 2017
Both - Cash in Hand and Cash at Bank....
It's following all ITR.... Not only Presumptive Taxation.....
01 August 2017
is this clarified anywhere because if that were the case the balance sheet wouldnt have two line items showing cash on hand and balance at bank
01 August 2017
Cash balance means "Cash in Hand & Cash at Bank" or "Total Cash and Cash Equivalents"....
01 August 2017
Oh Sorry Mr. Anand Sir...
I also wrong and Wrongly replied....
I accept it without notice....
Only cash is in cash balance.....
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