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Best way to avoid tax

Querist : Anonymous (Querist) 26 September 2019 This query is : Resolved 
One of my relative who lives in US has property in India and he wants to sell it...let me know how to avoid tax...if he makes sale deed at govt value ...he will take certified check and deposit in his India ICICI bank were he has a/c.and will pay tax on that amount...but balance sale price estimated to Rs. 1 crore...he wants to take this as black money ..but he does nt want to take cash.
Let me know...whats the next choice he has got.
Customer cant pay in US...as he has no relative living there. Pls reply...tks
Isaac Gabriel (Expert) 26 September 2019
The sale amount is taken for tax purpose. Regarding the excess amount it could be got in cash.
H.M.Patnaik (Expert) 27 September 2019
Dear Querist,
The consideration value being substantial, the matter can be discussed with any experienced local lawyer dealing in Registration matters for proper guidance.

Tax avoidance and Tax planning are two different mattes and can not be interchanged. The forum does not provide advice on Tax avoidance queries.
Guest (Expert) 27 September 2019
Rightly Said by Expert Mr.H.M. Patnaik-- Advocate (Taxation )
P. Venu (Expert) 27 September 2019
The suggestion that has been sought is for evading tax than avoiding. In my understanding this is beyond the laws and you are at the wrong place in seeking advice.
Dr J C Vashista (Expert) 28 September 2019
When you are getting so much monetary benefit out of property situated in India, deserious of channelling out to US through illegal means, what makes you to think to evade tax which is to be utelised for the benefit of Indian public?
Why anonymous author does not want to reveal his/her identity?


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