First capital introduction and filing of INC 20A

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PROFESSIONAL ADEPT (Querist)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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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