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Making black money to white

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2011 sir,
I have approx. 50 lacs Rs. which is unshowed in I-tax returns, I want to show the such amount to make white. what will be the procedure?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 December 2011 Show the same as income and pay tax on the same.

Or if your want the benefit of slab rates then shown 9 lakhs income in 5 files of your family members.

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