I am a salaried person from last 10 years. Filing Income tax every year. I understand that, whatever money I have earned through salary is white money cause IT file has been done for them. Now, my question is - How much cash can I keep with me? I heard that there is a way to prepare Balance sheet & calculate the cash amount I am allowed to keep/show. Please shed some light on this. Thank you.
Menu
Cash in hand calculation for salaried
Replies (1)
hello Mr.BK see there is no issue to keep any amount of cash in hand, but generally cash is considered not be kept without use for long time,
hence we generally deposit it to bank or invest or expense it
further yes you can definitely make a balance sheet of yours so that "actual" cash in hand position can be summarised for ur better.
if u want to create balance sheet u can ping me anytime, i wud be happy to help.
hence we generally deposit it to bank or invest or expense it
further yes you can definitely make a balance sheet of yours so that "actual" cash in hand position can be summarised for ur better.
if u want to create balance sheet u can ping me anytime, i wud be happy to help.
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
