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ramana (Querist)
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26 December 2012 Dear Experts

How many ways to rectify negative cash balance, Suppose negative cash balance rs 1000000 in 2010-11 financial year. how to rectify, still i am not filing returns to dept

Amol S Joglekar

Amol S Joglekar (Expert)
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26 December 2012 01. Disclose CASH, offer it to taxation.
02. Gift
03. Loan within 269SS
04. Loan beyond 269SS and pay fine, penalty
05. Cash sale

ramana

ramana (Querist)
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27 December 2012 Dear Amol thank for ur support
I have doubt not in individual, that's problem was private limited company. plz give me suggest how to rectify negative cash balance in company

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