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All QuestionsCategory: Income Taxit query cash balance two business as per sec 44 ad person
Profile photo of Kollipara sundaraiahKollipara sundaraiah asked 1 month ago

it query cash balance two business as per sec 44 ad person

assess maintained a two business it returns filed sec 44ad provison in f.y.20-21.
1.Jewellery shop business RS:6 lacs cash on hand balance as on Dt:31-03-21 show in books.
2.Money lending bussines rs:12 lacs cash on hand balance as on Dt:31-03-21 show in books.
Question:
1.sec 44ad person cash on hand balance amount show in books allowed in it act.
2.Any limit applicable in it act.

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