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limit for cash on hand

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B.com
3021 Points Posted on 09 June 2019
I.t. assess cash on hand balance as on 31.03.2019 6 lacs in balance sheet. maximum limit for cash on hand balance under I.t. act.
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On 09 June 2019 at 15:19 Report
Replies (9)
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Accountant
3479 Points Posted on 09 June 2019
no limit
9 Reply
On 09 June 2019 at 15:58
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Chartered Accountant
86505 Points Posted on 09 June 2019
No such limit but same will be according to the business of assessee.
814 Reply
On 09 June 2019 at 18:46
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B.com
3021 Points Posted on 09 June 2019
a trader cash sales limit under gst and I.t. act
6 Reply
On 09 June 2019 at 19:28
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Accountant
3479 Points Posted on 09 June 2019
no limit
9 Reply
On 09 June 2019 at 20:19
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B.com
3021 Points Posted on 09 June 2019
sec 269 St 2 lacs applicable for cash sales limit
6 Reply
On 09 June 2019 at 20:34
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Accountant
3479 Points Posted on 09 June 2019
If you receive 2 lakh in single transaction, then section 269ST applicable

No cash sale limit under GST & Income Tax
9 Reply
On 09 June 2019 at 20:37
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B.com
3021 Points Posted on 09 June 2019
i.t.assess cash paid to debtor limit for hand loan 10 thousand and above . thanks reply
6 Reply
On 09 June 2019 at 21:56
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7059 Points Posted on 02 November 2019
No such limit butbsame will be according to the business of assessee.
33 Reply
On 02 November 2019 at 21:18
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2 Points Posted on 02 August 2021

If cash on hand on 31st March is exceeding 10 lacs than what will happen??? Reply as soon as possible...and tell me the limit of cash in hand on 32st march

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On 02 August 2021 at 19:48


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