Poonawalla fincorp
Poonawalla fincorp

Excess cash in hand in balance sheet

This query is : Resolved 
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(Querist)
08 July 2019 If cash in hand in my Balance sheet as at 31.03.19 shows around Rs. 7.00 lac, in there any restriction or whether any objection may be raised by ITO ? I am an individual having Gross total income of Rs. 4.00 lac.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 July 2019 No restriction but you have to prove the source if asked for.

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