Menu
1 CR. in cash how to save tax.
suppose I have 1 CR. in cash how to convert in to save tax or any other things like gst or income tax but I have to deposit in bank.. please give me suggestions any thing If can let me know.
Replies (3)
Quick Summary
Invest in nps, ppf, insurance , infrastructure bonds
Any other things I want to deposit in bank and make it white but I don't want to pay taxes on that
You don’t have to pay because your source of initial amount is taxed. That’s the principle. TDS on withdrawals is there. We can’t convert unknown money to white
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
