how much cash in hand should be shown in ITR"s Part A-BS as a tax planning ?
2 Replies
Amrita vyas
(chartered accountant)
(2600 Points)
Replied 15 April 2015
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.
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 15 April 2015
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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