A retail medical business gst dealer sales turnover Rs:50 lacs and cash on hand balance Rs:8 lacs at the end of finicial year (31st March,20) show in books and balance sheet finicial year 19-20.
question:
any limit of cash on hand balance at the end of finicial march in I.t. act.
1 Replies
DEEPANSHU SINGH
(ARTICLE)
(137 Points)
Replied 12 February 2021
There is no limit as such but cash in hand amount should be justifiable according to nature of business.
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