About capital

Why you want to show capital account in nil return?

Balance sheet banani hai.. usme dikhani h...

1. your profit amount will be added to capital Balance

2. any gift received from relative will be added to capital account

3. you can prepare balance sheet even if NIL return is filed

For nil return balance sheet
you have to consider every transaction or things that's what will be your assets and liabilities
after dividing them start backward calculation from assets side to end on capital account so that you have a rough figure to know how much capital you want to introduce then (consider your previous year income and expenses and transation as well as cash ) introduce your capital account