Prajwal patel (-) 14 February 2015
Hi
my name is Prajwal, am 18 years old. I made around 10lakh rupees through brokerage fee(by selling house properties) I would like to save it or buy some plot nearby my place but my mother told that I don't have the White money so I can't save it bank accounts nor I can't buy any property as I haven't paid any tax.. I have PAN card.
please help me
thanks
Advocate Kappil Cchandna (Expert Bail & Criminal Defence Lawyer at Delhi Supreme Court of India) 15 February 2015
Advocate Ravinder (Advocate/Attorney) 16 February 2015
You can deposit Rs. 10L into the Bank. Brokerage is not illegal. You can tell the IT Dept that you got the money through brokerage.
T. Kalaiselvan, Advocate (Advocate) 18 February 2015
You may pay the requisite income tax as per the prevailing rates and get the amount to your account properly, consult a local auditor and take his advise for further issues, do not go behind misguided advises of some greedy people so that you will find landing up i trouble by such misguidance.
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