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Total cash balance for presumptive income

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2017 Whether Total cash balance for Presumptive income should include both cash in hand & bank balance or only cash in hand?
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RAJA P M

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RAJA P M (Expert)
28 July 2017 Both - Cash in Hand and Cash at Bank.... It's following all ITR.... Not only Presumptive Taxation.....
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Anand

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Anand (Expert)
01 August 2017 Hi PM Raja i think it should only be cash in hand.
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RAJA P M

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RAJA P M (Expert)
01 August 2017 No...
Cash balance means "Cash in Hand & Cash at Bank"
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Anand

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Anand (Expert)
01 August 2017 is this clarified anywhere because if that were the case the balance sheet wouldnt have two line items showing cash on hand and balance at bank
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RAJA P M

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RAJA P M (Expert)
01 August 2017 Cash balance means "Cash in Hand & Cash at Bank" or "Total Cash and Cash Equivalents"....
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RAJA P M

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RAJA P M (Expert)
01 August 2017 Oh Sorry Mr. Anand Sir... I also wrong and Wrongly replied.... I accept it without notice.... Only cash is in cash balance.....
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RAJA P M

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RAJA P M (Expert)
01 August 2017 It's also wrongly replied......
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