I got married on 13th march 2013 bt I received few gifts on dis occasion on 7th march nd got it deposited in bank on 8th march.. can I claim for deduction though it is deposited before wedding day?
Hi,
Me and My brother were decided to incorporate a private limited company with authorized capital of Rs. 5 lakhs/-
My Query is:
Will we need to show that 5 lakhs cash in our bank account at year ending..?
Or can we show the company assets worth 5 lakhs in balance sheet..?
Regards,
Arun Kumar J
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