banner_ad

Captial introduced first time return filer

215 views 3 replies
one of a female new I.t. Assess source of income mentioned below in f.y.19-20.
some amount from tution income
some amount from interest income
question:
Assess how much amount maximum and minimum capital introduced first I.t. return filed assess as per I.t. act.
Replies (3)

I recently wrote an answer about start up capital and I remember it as nil. There is no need for capital and liability should be shown as assets. 

I saw your question in the taxmanagementindia.com, it must be th amount of capital introduced

capital opening balance

- withdrawals/disbursements

+new capital introduced

=closing capital

so if you need new capital, data must be from the above

For income tax return I am saying only
you have to take every transaction of her in account and make her balance sheet as per the data it's better to do backward calculation and end at capital introduction.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details