How much amount of cah in hand can be shown in balance sheet?

297 views 6 replies
Sir, I want to know how much amount of cash in hand can be shown in the balancesheet.
Replies (6)

There is no such rule. It depends on the type of business and circumstances.

sir,

 one more question sinces from last two year  tds for the salalry has been deducted but still it has not been deposited to the department.so the employer want to deposited the amount now,so what step need to be take avoid the penalties or fine for this delay payment.

please suggest

The TDS on salary has to be deducted and deposited only after the salary has been paid. If the salary was paid in time but TDS deposited late, there is no way to avoid interest. 

Provisions of interest and penalty for late deposition of TDS and late filing of TDS returns have been introduced with a view to discourage such practices which cause undue hardships to the deductees.

Madam,

 It has already since two year that tds has not been deposited it will carrried lots of interest or penalty,moreover who will be the responsible for this penalty employee or employer.

 This is no any way save this interest or penalty.

If a person after deducting  fails to pay the whole or any part of the tax to the credit of the  Central Government  within the prescribed time, he shall be  liable  to pay interest and shall be deemed to be an assessee-in-default in respect of such tax. Such person  shall  be liable to pay simple interest from the date on which such tax was deducted to the date on which such tax is actually paid.

 

Such interest is mandatory in nature

ok thank you very much .

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details