Respected Members..
" I don't know -- What should i do ??? "
Query ??? Very Urgent !!! Plsssss help me !!!!
Tower Group ( in WB ) provides land to businessmen for their business purposes and my client is an agent/broker of Tower Group & worked under Tower Group And subsequently Tower Group provided land to Bansal Group through a broker ( i.e, My Client ) for which Tower Group paid a lum sum amount of Rs 6-7 lacs approx to my client from which 10% tds has been deducted u/s 194H by Tower Group ,but my client has no legal documentary license as a land broker.
He is also a Labour Contractor ( sub contractor ) Under Bansal Group ( above mentioned ) in West Bengal, during f.y 2012-2013, Bansal Group already deducted 1% TDS u/s 194C from the total value of work done .
The problem is..
1) As my client has no legal license as a land broker under Tower Group , it's quite impossible to show Brokerage/Commission Income earned ( Rs 6-7 lacs ).
&
2) It's quite impossible also to show above brokerage income ( u/s 194H ) as Labour jobs ( U/S 194C) , bcoz of TDS rate differs.
Now, My intention is to Convert the above Black Money ( Rs 6-7 lacs ) to White at any cost & under any circumstances.
My Question:
Which Source should be applicable to Convert the above Black Money ( Rs 6-7 lacs ) into White ??
Plss response as early as possible ..
Thanks..
CAclubindia
