hello sir...
Suppose i am selling my land worth 5 Lakhs (Registration value) for 70 Lakhs ( Market value), Now i am not paying any tax for that 70 Lakhs. so now 65 Lakhs is called as black money. I take all d money from d buyer and come to home. Suddenly if CBI Ride on my home , then what is my situation??? will i loose (they ceese) whole money (70 L) ???
Nd one more thing, if the buyer is giving full 70 Lakhs white money, even then shud i pay d tax???
Plzzz do reply..... Thankz in Advance!!! :-)