Cash limit hold at home

A business it person how much cash limit hold at home in it act.
Replies (3)
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.

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

No specific limit described in Income Tax Act
The ooint is the source.

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