Capital and cash balance opening
Kollipara Sundaraiah (B.com) (2963 Points)
02 July 2020sales turnover f.y.2018-2019 rs.32 lacs
two years I.t. returns filed sec 44ad(8%) as per provision.assess balance sheet not prepared two years.
doubt:
Assess f.y.2019-2020 I.t. return filed balance sheet prepared present year.how much amount capital and cash on hand introduced (opening balance) as on 01-04-2019 shown in I.t. returns under I.t. act.