Please Help: Black money
Posted Date : 22-Jun-2012 , 02:52:17 pm | Posted By Surendra Kumar Dash
Dear Friends, can you tell me how can a person convert his Rs 1000000 black money into white money and is their any limit of conversion ?
Category : Students | Answers : 6 | Comments : 1 | Hits : 324
Answers
Answer By: Vikash Kumar Jha
Mr surendra, if a person want to convert his black money into white then he must have to pay tax on such black money and there is no limit like that for conversation to the extent of my knowledge.
Answer By: CA. SURESH Kr. AGARWAL
NO PUBLIC ANSWER FOR SUCH QUESTION
Answer By: SHIKHA SONI
there is no answer for this
Answer By: SHIKHA SONI
payment of tax is necessary in case of unexplianed money
Answer By: Rambabu Senkarasetti
There no legal answer for this question except by way of payment of tax?
Answer By: Siddharth Bumb
only to pay tax if you want legal way...
Comments
Vikash Kumar Jha
23-Jun-2012 , 01:34:25 pmMr. Surendra, if a person wants to convert his black money into white then must have to pay tax on such black money.