Capital introduced

This query is : Resolved

Kollipara Sundaraiah (Querist)
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26 May 2020 Sir,
One of new i.t. assess source of service income from sand and bricks etc rs.4,00,000/- net profit rs.3,15,000/-. in F.y. 2019-2020.
I.t. return filing for the purpose of bank loan.
Question:
Person capital and cash on hand opening balance introduced minimum and maximum amount as on 01-04-2019 balance sheet in i.t.returns as per i.t.act.

c.bakshi

c.bakshi (Expert)
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27 May 2020 you need not to disclosed balance sheet requirements all you need to file cash,creditor,debtor,inventory and for bank loan prepare balance sheet as per your requirements