HELLO FRIENDS, MY CLIENT HAS SOLD THE PLOT FOR45,00,000 BUT REGISTERY IS ONLY OF15,00,000.
NOW PLS. TELL ME HE HAS30,00,000 IN HAND BUT THIS IS BLACK MONEY.
HOW CAN HE USE THIS AMOUNT.
PLS. EXPLAIN CLEARLY.
CAN HE DEPOSIT IT INTO THE BANK.
PLS. HELP ME.
Contact ITO
white paint may be useful 
For best reply, please contact Mr. Anna Hazare :)
| Originally posted by : R.D Khan | ||
 |
For best reply, please contact Mr. Anna Hazare :) |
 |
Lol........
Contact P Chidambram
Congratularions!!
You have come out in the open with the corruption...
ITO will be free to answer your query...
Nice Solutions Suggested,Tax Planning not to be discussed like this.....
Just purchase Multiple KVP's in cash below Rs. 50,000. It will be matured after 6 years and when it will be matured you will get money by cheque but ITO can not asked for books of accounts for more than 6 years so youf are not require to explain source of income before 6 years. But just keep that KVP at secret place till it matures........
thanks alot chandresh sir for ur info
| Originally posted by : Chandresh Agrawal | ||
|
|
Just purchase Multiple KVP's in cash below Rs. 50,000. It will be matured after 6 years and when it will be matured you will get money by cheque but ITO can not asked for books of accounts for more than 6 years so youf are not require to explain source of income before 6 years. But just keep that KVP at secret place till it matures........ |
|
right now KVP can not be brought without identification proof
mere bank account mein deposit karde
main cheque kaat dunga
Dear rajkumar,
Just admit the entire receipts as your income after Cost Inflation Index and pay tax. The entire money will become white.
CAclubindia
