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Capital introduction

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(Querist)
18 July 2008 hi friends,
Can anybody tell me how can one introduce capital while filing his return first time? What could be the sources of capital?
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Yatesh Prakash Renuke

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Yatesh Prakash Renuke (Expert)
18 July 2008 CAPITAL MAY BE EITHER HIS PAST PERSONAL SAVINGS OR HE MAY BORROW THE SECURED LOANS OR UNSECURED LOANS.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
19 July 2008 You should prepare a list of all assets in your possession as on date at their cost of acquisition and the liabilities payable as on date. The difference of the two is ur capital as on that date. For example ur total assets are 10 lacs and the liabilities are for 1 lac then ur capital is 9 lacs.
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CHEZHIYAN

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CHEZHIYAN (Expert)
27 August 2008 Mr. Ramesh is right
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