CAMohinderPartapSinghAhluwalia (Chartered Accountant) (169 Points)
24 March 2010hello frnds. plz advise me. Suppose a person has Rs 5,00,000/- in black. how he could covert it in white money. i will for your answers. thnxs in advance
dholiyaarvind
(chartered accountant)
(79 Points)
Replied 24 March 2010
recieved this money through gift from mother or father. this money deposited in mother or father a/c after mother or father give gift to son. and this wright on stamp.
Sagar
(sd)
(44 Points)
Replied 07 July 2010
i think ther's 1 way bt i m not too sure.......lets see..
If u hav any property maybe hp, machinery etc. u can pretend to be rented make a fake contract of rent with some party...recieve the money by cheque getting done with tds n all....then all money will be converted in white.... but u will hav to show it in ur income statement...n pay taxes too..thats only a type of losss
let me know wat u think/.....
CA SUDIPTA SINHA
(Commerce Coaching- Accounts Cost FM)
(735 Points)
Replied 07 July 2010
Its simple. just pay tax on such sum and it will become white money.
chaitanya
(converter)
(25 Points)
Replied 27 July 2011
| Originally posted by : Mohinder PartapSingh LUDHIANA | ||
 |
hello frnds. plz advise me. Suppose a person has5,00,000/- in black. how he could covert it in white money. i will for your answers. thnxs in advance |
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CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 03 August 2011
Disgusting.
How could someone even post such an issue !!!
Even worse, how could members of this club even reply to such STUPID post !!!
No wonder Indians have more deposits in foreign banks, CAs should help government in cleaning up the system. Here we see suggestions to an illegal act. You all will one day land up in jails and booked under Money laundering act.
Dear Admin,
Please remove this post.
This thread has been closed.
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