striker_rage,
About your RPL:
============
No matter however sure you are about a future prospect of a company, be warned that the term "future" has certain amount of uncertainty with it. Never invest in one single stock. There are several things that can go wrong. ( Ambani can die of heart attack, Govt may bring in a regulation that affects petrolium companies, a new discovery can make petrol useless, a terrorist attack, accident in one of their sites ........ just to name a few.) So never invest in a single stock. You need atleast 5 stocks. There are several such high risk high return investments even today. IDBI, Lanco Infra, RPL, punj lloyd , teledata info...
Still one should not invest all savings in one asset class (equities..) let alone a particular stock.
About your black money problem:
========================
long term assets are best way to launder your black money into white money while paying minimum Tax. Otherwise you risk loosing all black money by way of IT raid, your benomies (how do we spell that?) can cheat you, money sitting idle does not earn for you..
First of all we need to bring your black money into account (make it white). One way is as diosys suggested find one or more persons who have huge white money (a retired Govt employee who disbursed his money to his children for example..). Either you make him gift (on paper only) your own money to maxium capacity possible. Then you will have to pay around 30% as tax. Now the gifted money has become white!.
Another scenario is that you can make him lend you money and work around. I dont want to go into details of that. Here if you do it carefully, you can evade tax, which is more illegal than the former method.
For tax evasion, you might consider purchasing land, especially where market value is very much higher than Govt's estimated value. For example, if a land is 200 rs per sq. ft in market and Govt estimate is only 20 rs, you can buy 10,000 sq fit for 20,00,000. but white money is only 2,00,000. So tax on this case will only be less than 60,000 rs, but you can buy a 20 lac asset. When you sell it back after 3 years, it becomes a long term capital gain, taxed at 10% only. So in effect you will pay 60,000 now and about 1.8 lac after three years.
But if you invest 20 lac in stock you will have to pay about 6lac in taxes. But stock is something more liquid in the sense that you can convert it into money within 3-5 days.
About your RPL:
============
No matter however sure you are about a future prospect of a company, be warned that the term "future" has certain amount of uncertainty with it. Never invest in one single stock. There are several things that can go wrong. ( Ambani can die of heart attack, Govt may bring in a regulation that affects petrolium companies, a new discovery can make petrol useless, a terrorist attack, accident in one of their sites ........ just to name a few.) So never invest in a single stock. You need atleast 5 stocks. There are several such high risk high return investments even today. IDBI, Lanco Infra, RPL, punj lloyd , teledata info...
Still one should not invest all savings in one asset class (equities..) let alone a particular stock.
About your black money problem:
========================
long term assets are best way to launder your black money into white money while paying minimum Tax. Otherwise you risk loosing all black money by way of IT raid, your benomies (how do we spell that?) can cheat you, money sitting idle does not earn for you..
First of all we need to bring your black money into account (make it white). One way is as diosys suggested find one or more persons who have huge white money (a retired Govt employee who disbursed his money to his children for example..). Either you make him gift (on paper only) your own money to maxium capacity possible. Then you will have to pay around 30% as tax. Now the gifted money has become white!.
Another scenario is that you can make him lend you money and work around. I dont want to go into details of that. Here if you do it carefully, you can evade tax, which is more illegal than the former method.
For tax evasion, you might consider purchasing land, especially where market value is very much higher than Govt's estimated value. For example, if a land is 200 rs per sq. ft in market and Govt estimate is only 20 rs, you can buy 10,000 sq fit for 20,00,000. but white money is only 2,00,000. So tax on this case will only be less than 60,000 rs, but you can buy a 20 lac asset. When you sell it back after 3 years, it becomes a long term capital gain, taxed at 10% only. So in effect you will pay 60,000 now and about 1.8 lac after three years.
But if you invest 20 lac in stock you will have to pay about 6lac in taxes. But stock is something more liquid in the sense that you can convert it into money within 3-5 days.
