Capital contribution

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