Cash limit under income tax

Prem Chandra Gupta (Financial Specialist) (52 Points)

24 October 2011  

My company has been given Rs. 45000/- in cash to other company  as advance without interest for returm after two month. After Two month other company return the  entire amount Rs. 45000/- to my company through cheque.

In this cash any tax liability?

Any disallowed by Income Tax?

Please inform