Dear Experts,
I wanted to know how i can save the tax in the following case :
Mr.A who sold his land to Mr. B for the value of Rs.85 lakh and Mr. A has received the payment through Cheque and which has been deposited in his bank account. Now Mr. A wants to withdraw the same, but the Banker insisting to pay the Tax on that amount. If think that tax would be @ 30% then Mr.A have to pay Rs.20 lakh as tax, which he wanted to avoid it. Please suggest me how tax can be saved. Even after submitting to the banker about all the legal documents of the land sold, banker wants to issue TDS certificate for which Mr. A has to pay Tax.
Looking forward for your immeidate reply.
Regards
Vithal
My attempt for intermediate is in December 2013. I registered under postal course.
My admission is on provisional bases.
I have not received any question papers with study-materials....
I came to know on 11th august,
that 10th august was the last day for submission of papers for "CC certificate".
now, what can be done in this case ??
Please , reply me soon...............
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