Earn black money delhi
The Article no ways encourage taxpayers to use any of the below methods. The Article is just to let people know about what others are doing to convert their Black Monet into white money currently in India. In addition to those mentioned below there are many other methods which people use to convert their black money into white money.
Go to a Jeweler. Give him the amount you want to convert into white as cash. He would give you a purchase bill to show that you have sold silver utensils to him.
On the amount of the cheque when you file your return you will have to pay no capital gain tax as Silver utensils are Personal effects and capital gain does not arise on sale of personal effects.
There you gothe money is white now!!! Conversion of Black Money to White Money with the application of Sec 51 of the Income tax act, A Business man who wants to convert his black money to white. A Salaried person who wants to convert his white money to black may be because he has to make payment in black for the property purchased by him. X enters into an agreement with Mr. Y for the sale of property for Rs.
Y and balance shall be paid within 3 months else advance money shall be forfeited. Y makes payment of Rs. X by way of a cheque as the advance money and Mr. X in turns gives the black money to Mr. Y of the same amount. Y intentionally fails to make balance payment within the due time and the amount is forfeited by Mr. In this manner black money of Mr.
X is converted to white money. The money is white now!!! Another popular way of converting black into white money is by getting a gift from a relative. For this modus operandi, the relative must possess white money. For example, you have some black money say Rs. You can ask your relative to gift you Rs. Here 56 2 vii is not attracted as gift is received from a relative. People also give the black money to a person say a family member or a friend and take a cheque from them.
They show that as a loan receipt and thus they can temporarily convert their black money into white. Then they again give them a check as a repayment of loan and receive cash which converts white to black again, but during the time the loan is outstanding, they convert their black into white, but people who do this are not aware that Section 68 on loans is applicable and you will have to prove the creditworthiness as well as the genuineness of transactions to the IT Department or else the loan receipt will be treated as income from undisclosed sources.
Another popular way of converting black into white money is showing income in cash like tuition income or any other professional fees. Just pay the tax at normal rate and your money is white now!!!! Also people make investment where it is allowed to invest in cash and where the maturity is tax free for example buying an insurance policy where you are not required to show all your premiums and the maturity is tax free. No ITO is going to check premium of more then last two years and it is a small example.
People are paying huge cash premiums everyday. In case of this small premium, the cost of investigation exceeds the benefit to the exchequer so the ITO will give a test check for at the max last two years. I badly need money for my higher studies. If anyone is intrested to help me with this please contact me on: Anybody want to deposit there black money into my account they can contact me in my number my account number is and my name is S Giridhar Rao ifsc code SBIN CAMP AREA.
Hi am ready to take your unchangeable money and ready to give land as security on a loan, anyone interested pl contact me — Chennai people most welcome.
So contact me at 7mount gmail. Who having money provide me lakh I will provide then a cheque of 1 lakh rs per mounth to uh for 30 mounth uh will get your whole money in mounth. I have loan for 5 lakhs personal loan so if anyone gives me loan I ll pay it by 10k every month in ur account in 50 months.
Running a charity through family trust…! An old age home here at Kanakapura, Near Bangalore, India. Have nots are leaving here.!
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People wanting to put your extra money……. Did you want to change your black money to white money, lakhs or crores to urgently, before the closing date. Hi, I have taken personal loans from different banks and I can deposit up to 70 lakhs in to banks.
If any one requiredPlease contact me I have many people who will convert the your black money to white money. You can invest in Prime Property in Chennai. Excellent Investment in Real Estate in National Highway On Road Property — Ideal for both Commercial and Domestic Purposes. Name on Bank Account — vikas kumar verma Bank Name — state bank of bikaner and jaipur rajasthan, india IFSC code: If someone wants to convert their black money to white.
Hurry up No limits…. I will not get any IT inquiry. OR send the more money i will pay TAX and i will manage it. I Will provide Your Black Money to White Money Contact this Email soni. I need money for my childerns education, Please depost it to my account as 2,40, 2 lakh 10 CR. FLAT FOR SALE IN HYDERABAD, East Marredpally 2BHK sft. Your donation will be acknowledged, if you want so.
Best way h villages me ladies k account me transfer kr do. Kyunki kuch Tym k baad inki value kuch bhi nahi hogi. Villages me invest krna best solution h.
Kyunki villages me aaj bhi logon k pass pAison ki kami h. You are my God. Can anyone having extra money please if u want send it to me, i need it urgent …. If anyone wants to donate their money for handicap children, they can transfer some of money for welfare society.
I m in banking sector …. I can help you in converting black money. Jiske pass black money hai wo please mujhe de do mujhe bhut jarurat hai m aapko unme se half money wapas kr dunga so plz contact me my no is I will provide you my contact number just email me. I will convert your black money to white. Mai ek annath aarram chalata hu…… Any one jiske paas black money hai WO agar chahe to kuch paise transfer kar sakte hai.
Much bachho k bhawish ki baat hai…. At least think once. BT limit is 2Cr. I can sort out all money problem by exchange of houshold gold,property etc…. Nominal service charges apply. Give this black money to some relegious and cherity and for any other advice contact on It is a good chance to convert black money in this both party have profit contact fast whatsapp only If you want to fix ur problems just let me know, because first you have to fix that you dont have any issues later because of your account who is using itinstead of you.
This is genuine Hurry up ……. This is genuine Hurry up …………. I have 1 bhk in Pune to sale please let me know if someone interested marketing cost is 32 lac but for black money holder it will be 40 lac contact JISKE PASS JYADA PAISA HAI WO MUJE MOBILE KHARID KE DE Q KI MERA MOBILE TRAIN ME CHORI HO GAYA HAI PLZ….
Plz deposit some money to my account HDFC BANK ACCOUNT Bhai jiske paas jyada paise hai jalakar barbaad na kare Hame de de ham garibo me baat denge Jisse aap ko punye milega or Garibo ka bhala hoga Plz contect me Or contect me through gmail Sandysame gmail. Hi u can contact me for black mony convert white money i hav 8 bank account from odisha whtsapp Hello sir I will convert your black Money to white money Contact BJ watsapp only.
Branch code- I need some money for my brother operations plz give me 2 lack. YOU CAN DEPOSIT IN MY ACCOUNT UPTO TO 50 CRORE I AM A NRI RECENTLY CAME BACK TO INDIA. ICIC G ravik umar. If you have a lot of money please give me, I will give you half and more money.
We will not get any inquiry. Money will pay cash only and Book your Product, Company will manage it. Branch code- I need some money for my dad operations plz give me 2 lack. DAER BLOCK MONEY HOLDERS LZ How ups franchise make money 2. K STATE BANK OF INDIA AC: I HAVE A ANCESTRAL PROPERTY OF 1CRORE WORTH IN HYDERABAD.
I WILL SELL IT FOR 2 CRORES. THOSE WHO ARE WILLING TO MAKE BLACK INTO WHITE CAN AVAIL THIS FACILITY.
CONTACT ME ON HI FRIEND IF YOU HAVE BLACK MONEY AND YOU WANT TO CONVERT IN WHITE CONTACT ME ON MY WHATSAPP NO I need money my dad is no more. I have money problem.
Anand Federal bank Accout: Please give it to some people who really need it for 2 times of roti. YOU CAN DEPOSIT IN MY ACCOUNT UPTO 20 TO 30 LAKHS, I AM A NRI RECENTLY CAME BACK TO INDIA. I request earn black money delhi the PM to increase the deadline…so that everyone would get new notes in exchange.
Hi friends, convert black money into whate money contact whatsapp: After 30th DEC your black moneys only could be useful to make paper boats. So according to me the 1st option is better but afterall the choice is yours. I need for my higher education if some uncommon chor black money holder wants to help can contact my number is ? I will return your black money into white. Dear black money holderIf you dont needplz do not destroy, we need it badly.
We will return you it foreclosed homes for sale in stockbridge ga the installments. I need it for the higher education purpose.
Anil M Katariya Pivot point forex Of India Accout: Paldi Bus Stand, District AHMEDABAD State GUJARAT Branch PALDI Phone number Branch Code Name on Bank Account — Chidananda M. The party who has black money has taken commission from the person whoo possess white. What is the reason forex egypt careers it?
Why white possessor wants to turn it 60 second binary option tips ea black. I Will provide Your Black Money to White Money Contact this Email gupta4sunil gmail.
The government is well aware of a parallel economy running robustly. Black money is generated because of the complex tax systems and high tax rates.
In other words, government tax structures encourages one to evade tax and also punishes them for hoarding the money!
Politicians are themselves hoarders of black money! After Modi Ji took over we are burdened with more taxes! Petrol prices are almost the same in spite of the fact that the per barrel rates internationally has drastically come down. It is middle class people penny stock online trader always suffer.
The reason why more focus of govt. I think, If the govt. Every exchange exceeding 10lakhs shall get reported. Overnight Black to White, undisclosed income curbed. Ban all Cash Transactions in India. Digital money only is to be used in order to Curb Black money in India.
People who do these tax evasions in massive scale will definitely get caught and end up paying huge taxes and penalties. Any one wants to convert. Method 2 has been already curbed in the recent budget amendments, now the advance money forfeited is chargeable under head IOS rather than deducting the same from COA.
HI, We are expert Investors in such resources and have maximum experience for years and can provide you a safe haven solution,If anyone would like to take our assistance. Kindly mail across your details to g4feedcasting gmail. Kindly note, this is not for any onlookers, only for real people who wants houses to buy in malmo sweden and be benefited.
We also assure safety and confidentially on your communications. We look forward to assist. Thanks — Sanju Venu. Dear all investors, we are an organization and we accept cash and return it in cheque with reasonable interest and time, which varies from 6 to 12 months.
My friend has purchased land for 21 lakhs black is 16 lakhs white is 5 lakhs. Now he wants to know whether he can declare 27 lakhs as sale consideration or he has to report only white money in this case? Initially when he purchased he paid the white money for buying the land. If you want to fix ur problems just let me know, because first you have to multi select drop down list using jquery that you dont have any issues later because of your account who is using it instead of you.
If its all bullshit, then y still we are facing all the consequences for this country still. Everything its related to TAX. Dear Sir, I am goshan from chennai, I have a question. My uncle business is fully cash oriented wma stock market income total return indexdaily he will sale x amount of products and earning y amount what mean pips in forex cash.
He is having cash black and he wants to alg forex signals review me.
I am not interested and always asking signature in it forms. I enjoyed that money also. Most of the gold jeweller buy gold in black ie. Through illegal import of goldby showing this purchase bill he will convert that gold as white. Hi In case 1 the jeweller will have excess of cash received from custormer and Jewellery for which he gave purchase bill. Please stock market training melbourne us a option of print for article for we can download the article and read them later.
Bank branches having advance less than for Rs20 crores do not have any audit. One can do any fraud or tax evasion in such branches by opening fake accounts, purchasing cash DDs, buying gold through black money and taking gold loan in msn money market report stock ticker branches and warsaw stock exchange trading holidays as loan from bank as white money.
As per Section 51, the advance money forfeited by the person shall be deducted from the cost of the acquisition of the asset.
13 Ways In Which Indians Will Convert Their Black Money Into White Even After Demonetisation
X wants to sell his house in the future, the COA in such case will be NIL. Our laws provide avenues for growth of black money. What else you would consider the huge money held in Swiss banks. I feel the laws instead of curbing the growth of black money, encourage by providing loopholes in them. If I have shown income from undiaclosed sources in return amounted to Rs. I appreciate the author, because every processional will be aware, how the black money is being converted in the white.
However, income tax department during — has conducted huge search operations and now all the persons who have taken accommodation entries either has paid huge demands or are in the appeals before various courts.
When you receive advance money for sale of a land and later the deal is cancelled due to which the money is forfeited, it is treated as capital receipt not taxable.
Times of india forex, in future whenever the property is actually sold, the advance money forfeited would be deducted from the cost of acquisition of the property involved.
In leading signal for binary options case the cost of acquisition would become 0. This advance will be treated as capital receipt against Sale of Capital asset and hence not taxavle.
However the amount forfeited shall be deducted from the cost of acquisition of that Capital Asset. Sorry this is in bad taste to plant ideas in general public mind. If the Author knows about some people doing this he should intimate this to the concerned Authorities. X is taxable income…. The author in case 2 of his article says that the advance of Rs. How is it possible. The receipt of Rs. But the following point also needs to be kept in mind as said by SC in yhis judgement: Reply to your query.
And there will be no tax implications on such capital receipts. I agree with Mr. A forfeiture will result as income. The IT can also call it windfall. In this case the buyer who gave the advance should send a legal notice and also there should be a clause of arbitration. This would give a plenty of time for the seller to enjoy the money. IT guy will not be able to do anything in this case. Muthu Advance money forfeited is not taxable under the head other sources.
It reduce from the cost of property. Also save from this if you trasfer this property to your son. The author is saying about converting: If the income is treated as income from other sources and liable to tax then you just need to pay income tax on that amount and so the Rs. He has already given the cash back to Mr.
Pls refer HIGH COURT OF DELHI, Commissioner of Income-tax versus Meera Goyal IT APPEAL NO. Muthu, Definitely conversion in case 2 would attract taxation, and when converting a huge amount into white and paying tax wont be too difficult as that would atleast help the person to have white money.
The main intention behind the transaction is to convert Black money into white, if the black money of Rs. The advance of Rs 30 Lakhs would ideally be treated as a capital receipt in the hands of the recipient. The settled law is that in case of capital receipts, unless there is a specific charge in the Income-tax Act,the amount is not taxable. In my view the forfeiture of advance cannot be treated as Income from other sources, since what is chargeable to tax under section 56 is income [as defined under section 2 24 ] and the definition of income does not include such receipts.
Coming to section 45 of the Act, for an amount to be chargeable to tax as CG, the requirement is that a gain should arise on a transfer of a capital asset. In the instant case, the gain is not arising on the transfer of a capital asset, since in reality no transfer has taken place. While the above is a case of tax avoidance, in my view, the taxability of such amount is questionable. Maybe after GAAR kicks inthe income tax authorities would have a stronger footing to challange such transactions.
Whatever the forfeited amount is taxable under income from other sources.
X going to pay taxes on the income by way of forfeited moneys? If yes, then i dont think any one will bear this much cost to convert black into white. The other way is showing as lottery lucky draw. This is again not practical as one has to bear tax burden under provisions of Income from other sources.
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