Investment of rs. 30 laksh

Pradeep Jain (service) (143 Points)

16 July 2012  

Dear Sir,

I have sold my home for Rs. 50 lakhs out of which I got Rs. 35 lakhs in cash and rest by DD in the middle of June'12 and my total salary income is Rs. 13 lakhs per annum.

Please suggest me the way as how can I save tax on Rs. 35 lakhs. Can I hide this whole transaction from IT Dept.

Thanks

Pradeep