ITR-3 CASH MORE THAN 10 LAC
Kamlesh khatri (12 Points)
20 April 2019
Is there any issue when I show cash 10 lac or more in Balance sheet
2 Replies
Hitesh rawal
(402 Points)
Replied 20 April 2019
No not an issue if your Business has a Big Turnover and you have legal records of cash receipts.
P M Panchal
(other)
(291 Points)
Replied 21 April 2019
Justification of handling such a big amount of cash at hand based on activities of business may be required, while case scrutiny.
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