Is any limit for cash in hand on 31march

Others 1525 views 4 replies

Dear all,

There is any limit for cash in hand on blancesheet dated on 31st march for pvt ltd company.

2nd thing we withdrwal 6 lac cash dated on 13 march and we didtn use that amount, now i want to deposit same amount in our bank dated on30 march.  is any problem in that case?

Please help me..

Thanks

 

Replies (4)

 

there is no problem with withdraw and deposit of cash provided the same has bee done with proper approvals and company cash is not misused in that mean time..

 

 

thanks for reply and is there any limit for cash in hand ?

If you have huge amount of cash in hand (at the end of the year) it will attract "wealth tax' as per our Auditor.

For individual and HUF, cash in hand > 50,000 is a taxable asset.. For others, any amount not recorded in books of account is an asset under Wealth tax Act 1957.

Regards,


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details