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Q. > Please Help: Black money
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605 views • Question added Jun 22, 2012 • Students • By Surendra Kumar Dash ,B.Com, CA (Final), CS (Professional) , Bhubaneswar


Dear Friends, can you tell me how can a person convert his Rs 1000000 black money into white money and is their any limit of conversion ?

6 Answers

answered Jun 23, 2012 by Vikash Kumar Jha , Cuttack

Mr surendra, if a person want to convert his black money into white then he must have to pay tax on such black money and there is no limit like that for conversation to the extent of my knowledge.


answered Jun 26, 2012 by CA. SURESH Kr. AGARWAL , Delhi

NO PUBLIC ANSWER FOR SUCH QUESTION


answered Jun 27, 2012 by SHIKHA SONI

there is no answer for this


answered Jun 27, 2012 by SHIKHA SONI

payment of tax is necessary in case of unexplianed money


answered Jun 30, 2012 by Rambabu Senkarasetti , Guntur

There no legal answer for this question except by way of payment of tax?


answered Jun 30, 2012 by Siddharth Bumb

only to pay tax if you want legal way...


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Vikash Kumar Jha

23-Jun-2012 , 01:34:25 pm

Mr. Surendra, if a person wants to convert his black money into white then must have to pay tax on such black money.

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