30 January 2021
Sir, One of a sec 44ada professional income I.t.return filer large amount Rs:30 lacs cash on hand balance show in books as on 31-03-20. Question: 1.Assess large amount cash on hand balance show in I.t. return allowed and any problems future. 2.how to adjustment procedure large amount in books.
31 January 2021
1. Large amount of cash allowed but it depends of nature of business and your receipts from them.
2. Deposit such cash in bank or withdraw it for personal use
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