banner_ad

Is any limit for cash in hand on 31march

Others 1549 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
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details