Hello ,
I would like to know about cash in hand limit which can company is allowed to maintain ?
Eg : suppose a company is having 9 cr rupees as cash in hand in Books but physcally its not in hand.
what will be the treatment in income tax point of view ? Is this is illegal or anything which income tax department or any other department can take action against ? . Please advice
Regards
Ananth
CAclubindia
