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my age is 27 and Me first time Nil.return file kr rha hu... i want to ask that in capital account ... maximum kinti capital show ke sakta hu.
Replies (4)
Quick Summary
Why you want to show capital account in nil return?
Balance sheet banani hai.. usme dikhani h...
1. your profit amount will be added to capital Balance
2. any gift received from relative will be added to capital account
3. you can prepare balance sheet even if NIL return is filed
For nil return balance sheet
you have to consider every transaction or things that's what will be your assets and liabilities
after dividing them start backward calculation from assets side to end on capital account so that you have a rough figure to know how much capital you want to introduce then (consider your previous year income and expenses and transation as well as cash ) introduce your capital account
you have to consider every transaction or things that's what will be your assets and liabilities
after dividing them start backward calculation from assets side to end on capital account so that you have a rough figure to know how much capital you want to introduce then (consider your previous year income and expenses and transation as well as cash ) introduce your capital account
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