a person it returns filed three business in f.y.20-21
1.professional income cash balance as on dt:31-03-21 rs:9 lacs
2.pharmacy store business cash balance as on dt:31-03-21 rs:6 lacs
3 .medical labaratory business cash on hand balance as on dt:31-03-21 rs:3 lacs
question:
1.assess large amount cash on hand balance allowed in it act
2.any limit applicable in it act.
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It for cash balance query
Replies (2)
There is no limit applicable in IT act, cash balance should be genuine and you have it physically available then there is no problem.
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How to deducted procedure large cash on hand balance amount
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