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Limit for cash balance


kollipara sundaraiah (B.com)     12 February 2021

kollipara sundaraiah
B.com 
 18 likes  1038 points

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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.
DEEPANSHU SINGH

DEEPANSHU SINGH (ARTICLE)     12 February 2021

DEEPANSHU SINGH
ARTICLE 
 10 likes  137 points

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There is no limit as such but cash in hand amount should be justifiable according to nature of business.

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