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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)
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
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