Cash limit hold at home

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B.com
3025 Points Posted on 10 February 2023
A business it person how much cash limit hold at home in it act.
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On 10 February 2023 at 20:59 Report
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Quick Summary
The Income Tax Act doesn't specify a maximum cash limit you can keep at home. Instead, the key factor is being able to justify the amount based on your daily cash transactions and flow. The source of the cash is crucial for compliance.

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SEO Sai Gr. Hosp.
212441 Points Posted on 10 February 2023

No specific limit mentioned in the act. It should be justified based upon daily cash transactions/flow.

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On 10 February 2023 at 22:23
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ASSISTANT
169 Points Posted on 10 February 2023
No specific limit described in Income Tax Act
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On 10 February 2023 at 22:52
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Profession Business
28246 Points Posted on 11 February 2023
The ooint is the source.
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On 11 February 2023 at 21:46

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