Investment

This query is : Resolved 
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(Querist)
01 October 2013 Hello

Sir/Madam

My Friend is labour worker & his saving income last 20 year he want to investment in Land/building approxy 7.00 lakh Rs. but he is not file IT return because his income below the taxable Limit. I m waiting your valuable advise.



pls. aurgently.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 October 2013 so u need to meet an agent in real estate with the buget for purchasing land.
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Ashok

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Ashok (Querist)
01 October 2013 So I m Very sorry. Advise of income Tax View.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 October 2013 for purchasing land or making investment in land no income tax is required to be paid.
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Ashok

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Ashok (Querist)
03 October 2013 Investment will make in cash or cheque. & show the return in next year this assets?
not bank a/c. what is the better view by IT.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 October 2013 whatever mode u choose cash or bank the source must be legal then dept will not haress u.
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Ashok

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Ashok (Querist)
05 October 2013 Thank You sir
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