Additional capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2013
Additional Capital invested in business is taxable or not?
24 September 2013
If the additional capital invested has a valid source and can be verified from the books of accounts and other records, it is not liable for any income tax. If its source cant be established it will be assumed to be investment from undisclosed sources and will be liable for taxation see section 69B.
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