Is any limit for cash in hand on 31march

1570 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,

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

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

VIKAS VERMA & CO

New Delhi

Others

View Details