https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437198
buy property
What to do with 50L Cash?
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One of my friend has received 50L cash + amount in bank for a property
Give some advice on what can be done with 50L cash
1. Don't want to spend use less stuff
2. Can't deposit in bank
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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9447974
In delhi ncr, good properties don't come below 1cr
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437201
Suggestions in order of personal preference
1) Buy a new property
2) Keep the amount at home and slowly add in bank over 3-4 years. The opportunity loss would be significant
3) If you have a trusted contact who borrows money in cash then consider that. Builders, other businessmen often take such loans. This is very risky though, have personally lost money even though the other person was a relative.
4) Buy agricultural land and start a farming business. You can start any business but suggested farming because it's straightforward. Easy to hire labour and get reasonable returns (would be lesser than other businesses but sustainable with no tax)
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437284
Need to go in bank account...total avoid..
View 1
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437237
What a day today 😳
Here you are asking about 50L
Here https://www.desidime.com/discussions/received-b...?
this person is unable to decide on 2Rupee earning
and here
https://www.desidime.com/discussions/bharatnxt-...
OP is going nuts over 1 ruppee.
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437418
keen observer.
View 2
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9447977
In delhi ncr, good properties don't come below 1cr
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437349
Buy plot/house/shop, gold ornaments/biscuits,.then put gold in locker. One can't invest more than 10 lakhs into equity markets in a FY, else you will come under IT radar
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437413
Income Tax Department wants to know your location.
Do you want to share your location?
1. Yes
2. Yes
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437439
I want your location
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437453
If u r in hyd, i can borrow some as loan with fd+1% interest
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437477
I will say give it to some jweller shops....which is trustworthy and get intrest on that.....for e.g in my area on 10k we get 100 as intrest a month.....you can split between various jewellers........
Make sure they are trustworthy......
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437597
No jeweller gives this much ... atleast not in blr.
We file jewellers gst returns ... and i know no one doing it at this rate.
We file jewellers gst returns ... and i know no one doing it at this rate.
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437528
when you say "received" does it mean he/she has sold a property and got 50L cash + money in bank? as if that is the case then I guess anyways aadhar/pan would have been involved and if this amount is via property selling then only for the capital gain amount after indexation will be taxed for which you can deposit the profit (capital gain) amount in 54EC bonds for 5yrs (guess now its 5.5% interest) and only on the interest earned, you will need to pay tax annually..
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437553
That's not an option in most cases. Otherwise the buyer of property would receive notice for undisclosed assets (most probably) + not deducting tds + 100% penalty for receiving more than 2 lakhs in cash (avoidable if buyer agrees to deposit in bank )
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437548
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437586
Your CA is the best person to suggest what to do for this ...
In chat , we can only give generic answers.
But the actual case might vary. So, if you are filing returns with a CA ask him or pls pm me .
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437605
+1
Take professional help.
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437622
Start a business and pay employees salary in cash. 
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437862
For that he would have to insist the buyer to pay in white. Any intelligent buyer would have paid 10-15% or even less in such case. So not much gain left there.
Otherwise also, capital gains are mostly insignificant after indexation. So no one worries about that but its very difficult to find buyers who would pay full amount in white.
View 26
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437774
Buy a new property
And use the rest of the money in stock market
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9447982
In delhi ncr, good properties don't come below 1cr
View 1
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437816
buy multiple property in cash plus bank amount from a small builder (fully finished flat) ie multiple property. like buy two 50 lakh property with 25 lakh cash+ 25 lakh bank amount. or do it more multiples. then sell it again after some time for say 60 lakh. then buy another property for 35 lakh(capital gain amount) and sale it for no gains/little gain.(zero capital gain). it will take multiple transaction and years but i think this is most safe.
never had this much of black money so don't know. just an idea.
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9437864
Wow...
What about approx 10% govt taxes on buying..also no guarantee that property value will go up and one can sell it on need
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9438141
Best would be buy a property. Builders still take some component as cash compulsorily!
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9438262
Buy physical gold from some reputed local jeweller of your city and keep it in bank locker. Don't go for branded jewellers as they don't deal in cash of this much amount.
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9438311
Buy gold coins
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9438315
Any online platform which offers COD?
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https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9438323
bhai inko thoda dedo.
Urgent Help!! need to pay 8 lac infinia bill - can i rotate, if yes How ? | DesiDime
https://www.desidime.com/discussions/what-to-do-with-50l-cash?page=1#post_9438459
FD KARDO GHARWALON KE NAAM PR ALAG ALAG BANK MEIN
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Suggestions in order of personal preference
1) Buy a new property
2) Keep the amount at home and slowly add in bank over 3-4 years. The opportunity loss would be significant
3) If you have a trusted contact who borrows money in cash then consider that. Builders, other businessmen often take such loans. This is very risky though, have personally lost money even though the other person was a relative.
4) Buy agricultural land and start a farming business. You can start any business but suggested farming because it's straightforward. Easy to hire labour and get reasonable returns (would be lesser than other businesses but sustainable with no tax)
What a day today 😳
Here you are asking about 50L
Here https://www.desidime.com/discussions/received-b...?
this person is unable to decide on 2Rupee earning
and here
https://www.desidime.com/discussions/bharatnxt-...
OP is going nuts over 1 ruppee.
Suggestions in order of personal preference
1) Buy a new property
2) Keep the amount at home and slowly add in bank over 3-4 years. The opportunity loss would be significant
3) If you have a trusted contact who borrows money in cash then consider that. Builders, other businessmen often take such loans. This is very risky though, have personally lost money even though the other person was a relative.
4) Buy agricultural land and start a farming business. You can start any business but suggested farming because it's straightforward. Easy to hire labour and get reasonable returns (would be lesser than other businesses but sustainable with no tax)