it assess suppose
1.cash deposits in bank sb account rs:12 lacs sft-004
cash withdrawal form bank sb account rs:10 lacs sft-003
difference amount rs:2 lacs cash at bank treatment in it act
q.no.2
cash deposits in bank sb account rs:10 lacs sft -004
cash withdrawal from bank sb account rs:12 lacs sft-003
difference amount rs: 2 lacs cash on hand balance treatment in it act.
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Difference sft-004 vs sft -003
Replies (1)
In first can it can be income; while in second case it can be either cash at hand in Balance sheet or withdrawals.
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