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.