Capital contribution

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article assistant
501 Points Posted on 30 October 2023
how much amount of capital in cash introduced by proprietor to start a business
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On 30 October 2023 at 22:48 Report
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This discussion explores the amount of cash a proprietor can introduce as capital when starting a business. While there's no strict legal limit, it's generally advised to avoid large cash transactions for safety and compliance reasons. Transferring funds via a business current account is recommended, with suggestions to keep cash contributions below £2 lakhs for prudence. The conversation also touches on the increasing shift towards digital transactions and tax payments.

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Profession
28271 Points Posted on 30 October 2023
Vague question.
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On 30 October 2023 at 23:16
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article assistant
501 Points Posted on 30 October 2023
Kitna amount cash me as a capital show kar sakte hain business shuru karne ke liye
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On 30 October 2023 at 23:43
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CFO- at NHTF
58280 Points Posted on 31 October 2023
Open Current Account.

Transfer funds from your personal savings account to current account.

Don't go by cash option
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On 31 October 2023 at 06:33
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"Do the Right Thing...!!!"
128157 Points Posted on 31 October 2023
Not exceeding Rs 2 lakhs is safer side.
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On 31 October 2023 at 06:48
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CFO- at NHTF
58280 Points Posted on 31 October 2023
Avoid cash transactions.

Various violations there in income tax
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On 31 October 2023 at 06:49
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Finance
4592 Points Posted on 31 October 2023

I read in news today that there will no more cash transactions and good riddance of pick pocketers but an online fraud could trigger like the sim swap scam. I earned 3k from telegram and lost 15k couple of months ago.

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On 31 October 2023 at 07:38
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CFO- at NHTF
58280 Points Posted on 31 October 2023
Income department is collecting tax from online modes from many years.

E payment of taxes. What happened?

Nothing happened
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On 31 October 2023 at 07:52
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Profession
28271 Points Posted on 01 November 2023
It depends upon nature of business.
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On 01 November 2023 at 09:25

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