Is any limit for cash in hand on 31march

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
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details