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Income tax queries

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1.limit of cash on hand:

I.t. assess maximum limit  of cash on hand balance show in balance sheet at the end of the finicial year(March) under I.t. act

2.violation for sec 269 St:

I.t. assess  cash mode gift from another person( brother) Rs.1,90,000/- *3 times total Rs.5,70,000/- received different dates one finicial year.

Assess violation for sec 269 St provision and penality applicable.

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You can contact HMRC on the Taxes Helpline for individuals and employees, including pensioners and people on benefits, on 0300 200 3300 (Textphone 0300 200 3319 for people who are deaf or hearing or speech impaired).

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