29 June 2012
IF AN INDIVIDUAL IT FILE FOR THE THE A.Y 2012-13, THE CASH BALANCE IS MORE THAN RS.2,50,000/- SHOWING . THIS CASH BALANCE CAN ATTRACT ANY SCURTINY OF MY IT FILE .
PL. SUGGEST ME HOW MUCH CASH BALNCE TO BE MAINTAIN FOR AVOID SCURTINY.
02 July 2012
If you are not required to maintain the books of accounts and also you dont have taxable income. So, there is no problem in having cash balance of Rs.225000.
CAclubindia
