RAJ KUMAR (FINANCE MANAGER) (1393 Points)
17 June 2011HELLO 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.
M. N. JHA
(CA)
(8316 Points)
Replied 17 June 2011
Riyaz Khan
(CA CS (Exec) MBA (Fin) Asst. General Manager-SEBI Internal Auditor-British Certifications Inc.)
(1315 Points)
Replied 17 June 2011
For best reply, please contact Mr. Anna Hazare :)
Arvind Sharma
(ACA)
(1432 Points)
Replied 17 June 2011
| Originally posted by : R.D Khan | ||
 |
For best reply, please contact Mr. Anna Hazare :) |
 |
Lol........
Nitin
(Chartered Accountant)
(118 Points)
Replied 17 June 2011
Congratularions!!
You have come out in the open with the corruption...
ITO will be free to answer your query...
Monica Srivastava
(CA)
(180 Points)
Replied 17 June 2011
Nice Solutions Suggested,Tax Planning not to be discussed like this.....
CA Chandresh Agrawal
(Chartered Accountant)
(693 Points)
Replied 17 June 2011
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........
PRADEEP REDDY
(CHARTERED ACCOUNTANT)
(664 Points)
Replied 17 June 2011
thanks alot chandresh sir for ur info
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 17 June 2011
| 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
M. N. JHA
(CA)
(8316 Points)
Replied 17 June 2011
CA Atul Singhal
(prop)
(450 Points)
Replied 18 June 2011
mere bank account mein deposit karde
main cheque kaat dunga
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 18 June 2011
Dear rajkumar,
Just admit the entire receipts as your income after Cost Inflation Index and pay tax. The entire money will become white.
CAclubindia
