hello sir!! Consider i am having a property (land) of government value 20,00,000 (20 lakhs). now i am selling that land for 1,00,00,000 (1 crore)
1. Shud i pay any tax for that to make whole money into white money??? if how much???
2. if i wont pay the tax , how much money is consitered as white money in that 1crore???
3.can i store whole 1 crore in the bank without paying any taxes?? or can i store only 20 lakhs???
and give me some more details about government nd market values
plzzzzz replyyyyyy