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conversion of black money to white money

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(Querist)
03 March 2010 what is tax planning to be used to convert 1 crore rupees from black to white?
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Rasesh

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Rasesh (Expert)
03 March 2010 Disclose the amount in your income. Pay tax to the income tax department. This would be the most clean and revenue friendly way.

If you want to only convert the money into white money without paying tax, then there are many ways.

However, personally I recommend, pay tax.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 March 2010 Agree.Paying tax is only way
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
04 March 2010 agree with Rasesh, u should pay tax to make it white money in simple way.
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aditya

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aditya (Querist)
04 March 2010
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