Maximum cash balance in b/s

Tax planning 767 views 2 replies

how much cash in hand should be shown in ITR"s Part A-BS as a tax planning ?

Replies (2)

As weath Tax were exit Maximum cash balanace should not be more than 50000 except you have clear explanation...in my opinion keep ur cash balanace not more than 50000.

it depends on you... to keep cash in hand or to invest it and earn something from it...

 

and whatever the amount u have, u need to have proper supportings for it


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