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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2014 How to convert gold purchased of Rs.30 lakhs without any invoice into white money
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
10 March 2014 sell them and buy flat or fd or any other asset where u can get the reciept...
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 March 2014 but if it is asked for supporting of purchased of flat
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 March 2014 you can say it was from sale of gold which was given to u by ur ancesstors.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 March 2014 If Suppose Im Gold Merchant Not Taking Invoices Being Charged With Vat and selling without charging Vat then any option to convert it into white money
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 March 2014 then u can directly invest in bonds or fd's or purchase gold for ur wife make such investment which later when u get back turns out in white.
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