How much capital in new business
This query is : Resolved
12 January 2017
My Brother started new business. and open a bank account through cash deposit.
i wanted to know how much amount he show as a capital through his personal account to newly opened bank account. so he had no issue with income tax.
i wanted to know how much amount he show as a capital through his personal account to newly opened bank account. so he had no issue with income tax.
12 January 2017
There is no limit in capital contribution. But if u r introducing it in cash then u must have to show the source of generation of that cash. If u can define that then there is no issue in contribution.
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