22 September 2016
There is a private limited company and the issue is related with the Ay 2016-17 [ Year Ending March 16 Fy 15-16 ]. Data of which are as follows as on 31st March 2016: 1) Export Sales Rs. 23.59 Crores 2) Cash Balance as on 31st March 2016 is Rs . 31.28 Lacs Some one has told me that heavy cash balance in balance sheet of 31st March 2016 might be the one of the causes of the scrutiny. Please let me know how much should be maintained as at 31st March 2016.
22 September 2016
Dear Tarique,
There is no such clause in the notification issued by CBDT for compulsory selection criteria of scruitny.
But if advisable not to keep such huge cash balance.
22 September 2016
Tks & Rgds How to maintain minimum cash balance because we are not aware of sales turnover. On the basis of the sales turnover of the previous year we estimate the projected expenses while working of advance tax. What to do now ? Please guide me how to estimate cash expenses.
CAclubindia
