I am a salaried person from last 10 years. Filing Income tax every year. I understand that, whatever money I have earned through salary is white money cause IT file has been done for them. Now, my question is - How much cash can I keep with me? I heard that there is a way to prepare Balance sheet & calculate the cash amount I am allowed to keep/show. Please shed some light on this. Thank you.
Menu
Cash in hand calculation for salaried
Replies (1)
hello Mr.BK see there is no issue to keep any amount of cash in hand, but generally cash is considered not be kept without use for long time,
hence we generally deposit it to bank or invest or expense it
further yes you can definitely make a balance sheet of yours so that "actual" cash in hand position can be summarised for ur better.
if u want to create balance sheet u can ping me anytime, i wud be happy to help.
hence we generally deposit it to bank or invest or expense it
further yes you can definitely make a balance sheet of yours so that "actual" cash in hand position can be summarised for ur better.
if u want to create balance sheet u can ping me anytime, i wud be happy to help.
Recent Threads
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
Related Threads
CAclubindia
