conversion of black money into white
This query is : Resolved
23 April 2009
suggest how to convert black money into white
23 April 2009
Interesting question.
Declare it to Income Tax and Pay tax on the same which is about @40%.
Rest you can have with you.
Enjoy!!!
"Jo aaya vo paaya"
Declare it to Income Tax and Pay tax on the same which is about @40%.
Rest you can have with you.
Enjoy!!!
"Jo aaya vo paaya"
23 April 2009
You need to read various case law on money laundering, and grap the trick.
However if you want to go legally prakash is right
However if you want to go legally prakash is right
23 April 2009
The question is interesting, and the CA professional in practise in some cases doing the same.You should go to a good practising CA, There are many tricks for the same.
23 April 2009
Interesting question
Agree with experts
Agree with experts
01 May 2009
I think in Praksah's solution the penalties would also be applicable at least equal to amount of tax sought to be evaded. The transactions need to be planned in a better way to avoid the levy of penalty.
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