Investment in cash

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2013
Hi,

Mr. X Got Rs. 50000 in CASH and now he want to earn income/Interest on it without investing the same in PAPER..

Paper means > He want a CASH payout and CASH payin

Is there any option for it ?

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
Follow

13 February 2013 better asking the wrong ways

Invest in PF
he will get deduction U/s 80C for the amount invested

and also the Interest will be exempt U/s 10(11)

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

13 February 2013 CA Sourabh missed one P. it must be PPF

but as you asked cash payout. So you can invest in cash to individual. no one can suggest a way. but it is risky
your investment can also go

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2013 What is the Difference between Sales and Tax Invoice ?