How to get black money component for buying home

Well its not that easy in Delhi to build a complete house, it needs many crores and again how to buy land without black component 

My query is to understand how safely i can withdraw large cash from bank without being questioned by ITD

Originally posted by : sabyasachi mukherjee
	Irrelevant querry.

Maybe you find it irrelevant but my query is very genuine 

I want to withdraw my own cash but know that this can be questionable from tax deppt

So need to know safe way of doing same.

Firstly, online transfer the amount in your family members/ friends.

2.  You can withdrawal upto Rs. 20 Lakhs CASH from one saving account.

Lastly, file ITR-4 of all persons whom bank account withdrawal of upto Rs. 20 lakhs have been made.

Yes but as i understand if you withdraw more than few lakh from your account then it can be questionable from ITD and you can't even then say that you purchased a house so its very tricky.

I thought some CA might have a suggestion or way out 

Originally posted by : sstaxconsultants2022
	Firstly, online transfer the amount in your family members/ friends. 2.  You can withdrawal upto Rs. 20 Lakhs CASH from one saving account. Lastly, file ITR-4 of all persons whom bank account withdrawal of upto Rs. 20 lakhs have been made.

You mean i will transfer to different people and get them withdraw to be within limit. Yes had thought of thia but this makes everyone questionable why this amount was transferred to them

Originally posted by : sabyasachi mukherjee
	There are two ways to purchase house/ construct a house.1. purchase a land. appoint contractor and then proceed. But it may so happen that there are many petty contractors.They need cash not cheque. logic is they do not want to show it in bank.they want to pay their labourers.Now how much a person can withdraw cash.Sec 194N is better to understand this.

I think "Irrelevant converting relevant"

I understand your concern, but it's important to emphasize that engaging in any illegal or unethical activities, such as participating in transactions involving "black money" (unaccounted or undisclosed income), is not advisable and can have serious legal consequences.

Here are some legitimate steps you can take to purchase a property without getting involved in illegal cash transactions:

1. Legal Consultation: Consult with a legal expert or a chartered accountant who specializes in property transactions. They can provide guidance on how to navigate the process legally and transparently.

2. Transparent Dealings: Insist on transparent and legal transactions. Be firm in your commitment to purchase the property through proper channels, adhering to all tax and legal requirements.

3. Due Diligence: Before finalizing any deal, conduct thorough due diligence on the property and the builder to ensure that everything is in compliance with the law.

   For further more detailed information on this topic visit:Money Transfer Service Scheme (MTSS) & Guidelines

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Originally posted by : sabyasachi mukherjee
	When u do not know keep quiet raja .do not use pm .

Mr Professional,

I'm not quiet...

You give correct answers with reasonable then I will try to quiet. Otherwise I'm not...

Better way, You Simply read queries without touching...