Notifications

Clear all

≡ ⇑ Register / Login

Let us know your doubts and queries in section down below.

Also, if you can solve the other person’s doubt and queries, then it will be a great help to all the people troubling out.

Capital introduced

Last Post

RSS

Sundaraiah

(@sundaraiah)

Trusted Member

Joined: 3 years ago

Posts: 66

Topic starter 25/05/2020 7:30 pm

One of assess service income from sand and bricks etc rs.4,00,000/- net profit rs.3,10,000/- in f.y. 2019-2020

Assess I.t. return filed for the purposes of bank loan.

Assess How much amount capital and cash on hand ( minimum and maximum) opening balance introduced as on 01-04-2019 shown in balance sheet I.t. returns under I.t. act.

Quote

Babatax

(@babatax)

Member Admin

Joined: 3 years ago

Posts: 116

26/05/2020 8:46 pm

If you filed the income tax return for FY 2018-19, then the closing balance on 31-03-2019 shown in ITR will be the opening balance of 01-04-2019. We cannot change the figures entered in Income Tax Return.

If you not filed the ITR, show the actual cash and capital as per the books.

ReplyQuote

Sundaraiah

(@sundaraiah)

Trusted Member

Joined: 3 years ago

Posts: 66

Topic starter 29/05/2020 5:28 pm

Assess first time I.t.return filed . income and expenses detailes ledger maintained only.

Any Limit of Capital(ex: 1 or 5 or 7 lacs) and cash on hand (ex:1 or 2 or 5 lacs)introduced in I.t. act.as on 01-04-2019.

ReplyQuote

Babatax

(@babatax)

Member Admin

Joined: 3 years ago

Posts: 116

29/05/2020 10:51 pm

There is no limit on introduction of capital or keeping cash in hand under Income Tax Act

ReplyQuote

Forum Statistics

2 Forums

180 Topics

599 Posts

1 Online

310 Members

Latest Post: Rcm on Unregistred (small services-like: bookeeeping accounting etc.) Our newest member: Agrineestetty Recent Posts Unread Posts Tags

Forum Icons: Forum contains no unread posts Forum contains unread posts

Topic Icons: Not Replied Replied Active Hot Sticky Unapproved Solved Private Closed

Super Globals

Requests: Array ( )

Server: Array ( )

Options and Features

permastruct: forum
use_home_url: 0
url: https://babatax.com/forum/
Array
(
    [title] => BabaTax Forum
    [description] => BabaTax Discussion Board
    [menu_position] => 23
    [lang] => 1
)
pageid:3389
default_groupid: 3
Array
(
    [layout_extended_intro_topics_toggle] => 1
    [layout_extended_intro_topics_count] => 5
    [layout_extended_intro_topics_length] => 45
    [layout_qa_intro_topics_toggle] => 1
    [layout_qa_intro_topics_count] => 3
    [layout_qa_intro_topics_length] => 90
    [layout_threaded_intro_topics_toggle] => 0
    [layout_threaded_display_subforums] => 1
    [layout_threaded_intro_topics_count] => 10
    [layout_threaded_intro_topics_length] => 0
    [layout_threaded_filter_buttons] => 1
    [layout_threaded_add_topic_button] => 1
    [display_current_viewers] => 1
)
Array
(
    [layout_extended_intro_posts_toggle] => 1
    [layout_extended_intro_posts_count] => 8
    [layout_extended_intro_posts_length] => 20
    [layout_qa_posts_per_page] => 15
    [layout_qa_comments_limit_count] => 3
    [layout_qa_first_post_reply] => 1
    [layout_threaded_posts_per_page] => 5
    [layout_threaded_nesting_level] => 5
    [layout_threaded_first_post_reply] => 0
    [union_first_post] => Array
        (
            [1] => 0
            [3] => 1
            [4] => 0
            [2] => 0
        )

[recent_posts_type] => topics
    [tags] => 1
    [max_tags] => 5
    [tags_per_page] => 100
    [edit_topic] => 1
    [edit_post] => 1
    [edit_log_display_limit] => 0
    [display_current_viewers] => 1
    [display_recent_viewers] => 1
    [display_admin_viewers] => 1
    [topics_per_page] => 10
    [eot_durr] => 1800
    [dot_durr] => 600
    [posts_per_page] => 15
    [eor_durr] => 1800
    [dor_durr] => 600
    [max_upload_size] => 2097152
    [attach_cant_view_msg] => You are not permitted to view this attachment
    [search_max_results] => 100
    [topic_body_min_length] => 2
    [topic_body_max_length] => 0
    [post_body_min_length] => 2
    [post_body_max_length] => 0
    [comment_body_min_length] => 2
    [comment_body_max_length] => 0
    [toolbar_location_topic] => top
    [toolbar_location_reply] => top
)
Array
(
    [custom_title_is_on] => 1
    [default_title] => Member
    [members_per_page] => 15
    [online_status_timeout] => 240
    [url_structure] => nicename
    [search_type] => search
    [login_url] => 
    [register_url] => 
    [lost_password_url] => 
    [redirect_url_after_login] => 
    [redirect_url_after_register] => 
    [redirect_url_after_confirm_sbscrb] => 
    [title_usergroup] => Array
        (
            [1] => 1
            [5] => 1
            [4] => 1
            [2] => 1
        )

[title_second_usergroup] => Array
        (
            [1] => 0
            [5] => 0
            [4] => 0
            [2] => 0
            [3] => 1
        )

[rating] => Array
        (
            [0] => Array
                (
                    [points] => 0
                    [title] => New Member
                    [color] => #d2d2d2
                    [icon] => far fa-star-half
                )

[1] => Array
                (
                    [points] => 5
                    [title] => Active Member
                    [color] => #4dca5c
                    [icon] => fas fa-star
                )

[2] => Array
                (
                    [points] => 20
                    [title] => Eminent Member
                    [color] => #4dca5c
                    [icon] => fas fa-star
                )

[3] => Array
                (
                    [points] => 50
                    [title] => Trusted Member
                    [color] => #4dca5c
                    [icon] => fas fa-star
                )

[4] => Array
                (
                    [points] => 100
                    [title] => Estimable Member
                    [color] => #4dca5c
                    [icon] => fas fa-star
                )

[5] => Array
                (
                    [points] => 250
                    [title] => Reputable Member
                    [color] => #4dca5c
                    [icon] => fas fa-star
                )

[6] => Array
                (
                    [points] => 500
                    [title] => Honorable Member
                    [color] => #e5d600
                    [icon] => fas fa-certificate
                )

[7] => Array
                (
                    [points] => 750
                    [title] => Prominent Member
                    [color] => #e5d600
                    [icon] => fas fa-certificate
                )

[8] => Array
                (
                    [points] => 1000
                    [title] => Noble Member
                    [color] => #e5d600
                    [icon] => fas fa-certificate
                )

[9] => Array
                (
                    [points] => 2500
                    [title] => Famed Member
                    [color] => #ff812d
                    [icon] => fas fa-shield-alt
                )

[10] => Array
                (
                    [points] => 5000
                    [title] => Illustrious Member
                    [color] => #e04a47
                    [icon] => fas fa-trophy
                )

)

[rating_title_ug] => Array
        (
            [5] => 1
            [4] => 1
            [3] => 1
        )

[rating_badge_ug] => Array
        (
            [1] => 1
            [5] => 1
            [4] => 1
            [2] => 1
            [3] => 1
        )

)
Array
(
 [from_name] => BabaTax - Forum
 [from_email] => info@babatax.com
 [admin_emails] => babataxbt@gmail.com, riyathawani11@gmail.com,
 [new_topic_notify] => 1
 [new_reply_notify] => 1
 [confirmation_email_subject] => Please confirm subscription to [entry_title]
 [confirmation_email_message] => Hello [member_name]! Thank you for subscribing. This is an automated response. We are glad to inform you that after confirmation you will get updates from - [entry_title]. Please click on link below to complete this step. [confirm_link]<div class="babat-15" id="babat-980877453"><script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-7073692911122251" crossorigin="anonymous"></script><ins class="adsbygoogle" style="display:block;" data-ad-client="ca-pub-7073692911122251" 
data-ad-slot="4275101095" 
data-ad-layout-key="-fb+5w+4e-db+86"
data-ad-format="fluid"></ins>
<script> 
(adsbygoogle = window.adsbygoogle || []).push({}); 
</script>
</div>
 [new_topic_notification_email_subject] => New Topic
 [new_topic_notification_email_message] => Hello [member_name]! New topic has been created on your subscribed forum - [forum].[topic_title]<blockquote>[topic_desc]</blockquote> <hr />If you want to unsubscribe from this forum please use the link below. [unsubscribe_link]
 [new_post_notification_email_subject] => New Reply
 [new_post_notification_email_message] => Hello [member_name]! New reply has been posted on your subscribed topic - [topic].[reply_title]<blockquote>[reply_desc]</blockquote> <hr />If you want to unsubscribe from this topic please use the link below. [unsubscribe_link]
 [report_email_subject] => Forum Post Report
 [report_email_message] => Report details: Reporter: [reporter], Message: [message],[post_url]
 [overwrite_new_user_notification_admin] => 1
 [wp_new_user_notification_email_admin_subject] => [blogname] New User Registration
 [wp_new_user_notification_email_admin_message] => New user registration on your site [blogname]:Username: [user_login]Email: [user_email]
 [overwrite_new_user_notification] => 1
 [wp_new_user_notification_email_subject] => [blogname] Your username and password info
 [wp_new_user_notification_email_message] => Username: [user_login]To set your password, visit the following address:[set_password_url]
 [overwrite_reset_password_email_message] => 1
 [reset_password_email_message] => Hello!You asked us to reset your password for your account using the email address [user_login].If this was a mistake, or you didn\'t ask for a password reset, just ignore this email and nothing will happen.To reset your password, visit the following address:[reset_password_url]Thanks!
 [user_mention_notify] => 1
 [user_mention_email_subject] => You have been mentioned in forum post
 [user_mention_email_message] => Hi [mentioned-user-name]!You have been mentioned in a post on \"[topic-title]\" by [author-user-name].Post URL: [post-url]
)
Array
(
 [user-admin-bar] => 0
 [page-title] => 1
 [top-bar] => 1
 [top-bar-search] => 1
 [breadcrumb] => 1
 [footer-stat] => 1
 [mention-nicknames] => 1
 [content-do_shortcode] => 0
 [view-logging] => 1
 [track-logging] => 0
 [goto-unread] => 1
 [goto-unread-button] => 0
 [profile] => 1
 [user-register] => 0
 [user-register-email-confirm] => 1
 [disable_new_user_admin_notification] => 1
 [register-url] => 0
 [login-url] => 0
 [resetpass-url] => 1
 [replace-avatar] => 1
 [avatars] => 1
 [custom-avatars] => 1
 [signature] => 1
 [rating] => 1
 [rating_title] => 1
 [member_cashe] => 1
 [object_cashe] => 1
 [option_cache] => 1
 [memory_cashe] => 1
 [seo-title] => 1
 [seo-meta] => 1
 [seo-profile] => 1
 [rss-feed] => 1
 [user-synch] => 0
 [notifications] => 1
 [notifications-live] => 0
 [notifications-bar] => 1
 [bp_activity] => 1
 [bp_notification] => 0
 [bp_forum_tab] => 1
 [um_notification] => 1
 [um_forum_tab] => 1
 [font-awesome] => 1
 [output-buffer] => 1
 [wp-date-format] => 0
 [subscribe_conf] => 0
 [subscribe_checkbox_on_post_editor] => 1
 [subscribe_checkbox_default_status] => 1
 [role-synch] => 1
 [attach-media-lib] => 1
 [admin-cp] => 1
 [debug-mode] => 1
 [copyright] => 1
 [html_cashe] => 0
)
Array
(
 [font_size_forum] => 17
 [font_size_topic] => 16
 [font_size_post_content] => 14
 [custom_css] => #wpforo-wrap {
 font-size: 13px; width: 100%; padding:10px 0; margin:0px;
}

)
Array
(
    [id] => classic
    [name] => Classic
    [version] => 1.7.1
    [description] => Main wpForo Stylesheet
    [author] => gVectors Team
    [url] => http://wpforo.com
    [file] => classic/style.css
    [folder] => classic
    [layouts] => Array
        (
            [2] => Array
                (
                    [id] => 2
                    [name] => Simplified
                    [version] => 1.0.0
                    [description] => Simplified layout looks simple and clean.
                    [author] => gVectors Team
                    [url] => http://gvectors.com/
                    [file] => classic/layouts/2/forum.php
                )

[3] => Array
                (
                    [id] => 3
                    [name] => QA
                    [version] => 1.0.0
                    [description] => Q&A Layout turns your forum to a powerful question and answer discussion board.
                    [author] => gVectors Team
                    [url] => http://gvectors.com/
                    [file] => classic/layouts/3/forum.php
                )

[4] => Array
                (
                    [id] => 4
                    [name] => Threaded
                    [version] => 1.0.0
                    [description] => Threaded layout turns your forum to a threads list accented on discussion tree view.
                    [author] => gVectors Team
                    [url] => http://gvectors.com/
                    [file] => classic/layouts/4/forum-sub.php
                )

[1] => Array
                (
                    [id] => 1
                    [name] => Extended
                    [version] => 1.0.0
                    [description] => Extended layout displays one level deeper information in advance.
                    [author] => gVectors Team
                    [url] => http://gvectors.com/
                    [file] => classic/layouts/1/forum.php
                )

)

[style] => default
    [styles] => Array
        (
            [default] => Array
                (
                    [0] => #000000
                    [1] => #ffffff
                    [2] => #333333
                    [3] => #555555
                    [4] => #666666
                    [5] => #777777
                    [6] => #999999
                    [7] => #cccccc
                    [8] => #e6e6e6
                    [9] => #f5f5f5
                    [10] => #dadada
                    [11] => #659fbe
                    [12] => #43a6df
                    [13] => #72ccfc
                    [14] => #0099cc
                    [15] => #3f7796
                    [16] => #4a8eb3
                    [17] => #dff4ff
                    [20] => #ff812d
                    [30] => #4dca5c
                    [31] => #00a636
                    [32] => #86ba4c
                    [33] => #6fa634
                    [40] => #ff9595
                    [41] => #ff7575
                    [42] => #f46464
                )

[red] => Array
                (
                    [0] => #000000
                    [1] => #ffffff
                    [2] => #333333
                    [3] => #555555
                    [4] => #666666
                    [5] => #777777
                    [6] => #999999
                    [7] => #cccccc
                    [8] => #e6e6e6
                    [9] => #f5f5f5
                    [10] => #dadada
                    [11] => #E0141E
                    [12] => #EE1A26
                    [13] => #FC979C
                    [14] => #E0141E
                    [15] => #99262B
                    [16] => #D61319
                    [17] => #FFF7F7
                    [20] => #30B2A7
                    [30] => #4dca5c
                    [31] => #00a636
                    [32] => #86ba4c
                    [33] => #6fa634
                    [40] => #ff9595
                    [41] => #ff7575
                    [42] => #f46464
                )

[green] => Array
                (
                    [0] => #000000
                    [1] => #ffffff
                    [2] => #333333
                    [3] => #555555
                    [4] => #666666
                    [5] => #777777
                    [6] => #999999
                    [7] => #cccccc
                    [8] => #e6e6e6
                    [9] => #f5f5f5
                    [10] => #dadada
                    [11] => #6EA500
                    [12] => #649E2D
                    [13] => #8DCE0C
                    [14] => #447714
                    [15] => #5A7F10
                    [16] => #6EA500
                    [17] => #F8FCEF
                    [20] => #ff812d
                    [30] => #4dca5c
                    [31] => #00a636
                    [32] => #FF812D
                    [33] => #F47222
                    [40] => #ff9595
                    [41] => #ff7575
                    [42] => #f46464
                )

[orange] => Array
                (
                    [0] => #000000
                    [1] => #ffffff
                    [2] => #333333
                    [3] => #555555
                    [4] => #666666
                    [5] => #777777
                    [6] => #999999
                    [7] => #cccccc
                    [8] => #e6e6e6
                    [9] => #f5f5f5
                    [10] => #dadada
                    [11] => #E0762F
                    [12] => #FF6600
                    [13] => #FC9958
                    [14] => #F26000
                    [15] => #AA4F12
                    [16] => #F26000
                    [17] => #FFF4ED
                    [20] => #ff812d
                    [30] => #4dca5c
                    [31] => #00a636
                    [32] => #86ba4c
                    [33] => #6fa634
                    [40] => #ff9595
                    [41] => #ff7575
                    [42] => #f46464
                )

[grey] => Array
                (
                    [0] => #000000
                    [1] => #ffffff
                    [2] => #333333
                    [3] => #343434
                    [4] => #666666
                    [5] => #777777
                    [6] => #999999
                    [7] => #cccccc
                    [8] => #e6e6e6
                    [9] => #f5f5f5
                    [10] => #dadada
                    [11] => #888888
                    [12] => #666666
                    [13] => #7EEA8D
                    [14] => #777777
                    [15] => #333333
                    [16] => #555555
                    [17] => #DFF4FF
                    [20] => #FF812D
                    [30] => #4dca5c
                    [31] => #00a636
                    [32] => #86ba4c
                    [33] => #6fa634
                    [40] => #ff9595
                    [41] => #ff7575
                    [42] => #f46464
                )

[dark] => Array
                (
                    [0] => #000000
                    [1] => #141414
                    [2] => #bbbbbb
                    [3] => #000000
                    [4] => #666666
                    [5] => #bcbcbc
                    [6] => #999999
                    [7] => #585858
                    [8] => #727272
                    [9] => #323232
                    [10] => #dadada
                    [11] => #888888
                    [12] => #33779b
                    [13] => #7EEA8D
                    [14] => #777777
                    [15] => #E0E0E0
                    [16] => #CECECE
                    [17] => #33779b
                    [20] => #FF812D
                    [30] => #4dca5c
                    [31] => #00a636
                    [32] => #86ba4c
                    [33] => #6fa634
                    [40] => #ff9595
                    [41] => #ff7575
                    [42] => #f46464
                )

)

)
classic

Disclaimer : Don’t Forget to subscribe your query. If you donot find Mail from BabaTax, Kindly Check your promotion or spam mail inbox. Thank you for being a part of this GST forum. Your support and time is precious for us. Stay connected with us.

For any kind of support kindly write us at support@babatax.com.

Any mistake, error or discrepancy in this site or design or comments to be brought in our notice which shall be taken care of accordingly and every efforts shall be made to rectify without loss of time.

The views expressed in the answers of GST forum queries are strictly personal. Contents of GST forum are solely for informational purpose, not for any professional advice or suggestion. Author does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.

You agree that www.babatax.com has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any such third party.

+91-7024984925

Forum

≡ ⇑ Register / Login

Let us know your doubts and queries in section down below.

Also, if you can solve the other person’s doubt and queries, then it will be a great help to all the people troubling out.

Capital introduced

Super Globals

Options and Features

Search