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.
Menu
Opening balance for capital and cash on hand
Replies (1)
It has to be on actual basis and based on books of accounts maintained for previous year.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
