18 June 2015
Please kindly help me ,how to generate capital on records in IT Return,so dat it would help me in future for buying any property or any asset.
No actual income is been earned by me and i want to show income within IT expemption limit.
And when do you think i should pay tax.inspite of not having actual income.
19 June 2015
You need to maintain capital supported by assets (Bank balance, cash, etc). There should be some evidence of earning these assets to avoid litigations with IT authorities.
CAclubindia
