Capital contribution

how much amount of capital in cash introduced by proprietor to start a business
Replies (8)
Quick Summary
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.

Vague question.
Kitna amount cash me as a capital show kar sakte hain business shuru karne ke liye
Open Current Account.

Transfer funds from your personal savings account to current account.

Don't go by cash option
Not exceeding Rs 2 lakhs is safer side.
Avoid cash transactions.

Various violations there in income tax

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.

Income department is collecting tax from online modes from many years.

E payment of taxes. What happened?

Nothing happened
It depends upon nature of business.

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