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Cash in hand 15 lakh turnover is 5 crore

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(Querist)
08 September 2020 i have cash in hand 15 lakh on some dates and my turnover is 5crores can its ok or i have more cash balance i made cash sale of all
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 September 2020 It's ok but cash sale to one person in a day can't be 2 lacs or more.

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