Capital introduction
This query is : Resolved
18 July 2008
hi friends,
Can anybody tell me how can one introduce capital while filing his return first time? What could be the sources of capital?
Can anybody tell me how can one introduce capital while filing his return first time? What could be the sources of capital?
18 July 2008
CAPITAL MAY BE EITHER HIS PAST PERSONAL SAVINGS OR HE MAY BORROW THE SECURED LOANS OR UNSECURED LOANS.
19 July 2008
You should prepare a list of all assets in your possession as on date at their cost of acquisition and the liabilities payable as on date. The difference of the two is ur capital as on that date. For example ur total assets are 10 lacs and the liabilities are for 1 lac then ur capital is 9 lacs.
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