First capital introduction and filing of INC 20A
This query is : Resolved
PROFESSIONAL ADEPT
(Querist)
29 January 2025
Sir,
I would like to know whether share capital can partly be introduced by cash and partly in bank ?In that case how we can file INC-20A?Similarly by introduction of capital as cash can we file INC-20A?
Please guide us and let us know the matters.Thank u.
I would like to know whether share capital can partly be introduced by cash and partly in bank ?In that case how we can file INC-20A?Similarly by introduction of capital as cash can we file INC-20A?
Please guide us and let us know the matters.Thank u.
Nikhil Kaushik
(Expert)
30 January 2025
while you can give a declaration for introduction of capital in cash. but you need to keep Income-tax compliance thereof. Regardless, my simple advice. do not introduce capital in cash ever. its not a good business practice.
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