https://www.taxtmi.com/forum/issue?id=110646 Maximum outstanding amount means the peak net balance of advances/loans during the year; compute a running balance and report the highest positive balance reached. In the example, the peak running balance is 1500 and that is the amount to be disclosed in the tax audit schedule under the cash-transaction provisions. en-us Fri, 15 Jul 2016 18:56:56 +0530 Thu, 23 Jan 2025 15:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110646 Maximum outstanding amount means the peak net balance of advances/loans during the year; compute a running balance and report the highest positive balance reached. In the example, the peak running balance is 1500 and that is the amount to be disclosed in the tax audit schedule under the cash-transaction provisions. Discussion-Forum Income Tax Fri, 15 Jul 2016 18:56:56 +0530 https://www.taxtmi.com/forum/issue?id=110646