banner_ad

Opening balance for capital and cash on hand

170 views 1 replies
sales turnover year :2018-2019 rs. 69 lacs
sales turnover year: 2019-2020 rs.80 lacs.
Assess income tax returns filed two years.books of accounting not maintained.
doubt:
Assess How much amount (minimum and maximum) capital and cash on hand and closing stock introduced opening balance as on 01-04-2018 i.t.return shown in balance sheet under I.t. act.
Replies (1)

It has to be on actual basis and based on books of accounts maintained for previous year. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details