Sec 44ada professional income I.t. return filed assess cash on hand balance large amount Rs:30 lacs show in books at end of the finicial year as on 31-03-20.
question:
1.Assess large amount cash on hand balance allowed in I.t. act and any problems future.
2.how to adjustment procedure cash balance in books.
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Large amount show in books cash
Replies (1)
Yes large amount of cash in hand will amount to problem if not adjusted by proof then it will be attract notice by assessing officer.
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