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Black money

venkata krishna reddy (chartered accountant) (792 Points)

22 January 2016

how to convert black money into white money around 100 crores

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14 Replies

CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)
Replied 22 January 2016

You want a free advice for that and that also on public forum.

1 Like

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Jayasrinivas.Patri (Own Practice) (38 Points)
Replied 23 January 2016

Pay tax on this undisclosed amt by disclosing. It becomes white.

JOEY TRIBIONI (Article) (200 Points)
Replied 23 January 2016

Pay tax at 30% i.e 30 cr to the government... Thats the only legal way

1 Like

CA Mehul Chudasama (Chartered Accountant) (618 Points)
Replied 23 January 2016

Create The Partnership And HUF With Different Combination And Routed Money Through That For Example Your HUF, Your Father HUF and Two Three Partnership Firm And Show In That Professional Fees Etc.. It Will Help To Reduce Your Tax Burden

vishnu bhardwaj (Tax Advocate) (212 Points)
Replied 23 January 2016

this is not fair to discuss on public source

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Pritam Dahiya (Manager) (21 Points)
Replied 23 January 2016

Contact DRI official.. They will help you

Ajit Hegde (CA - Final) (1367 Points)
Replied 24 January 2016

Its very simple. Write a letter to income tax department with your address. Dept will clear your query at any cost

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 24 January 2016

You will get good suggestion only if you can pay to consultant in crores,..Suggestion will be depends on your background and business in which you are in,..and your current income etc,. One simple idea is buying lands,house in prime areas..where highly possible to convert blackmoney.