Buy gold. That's about 800gm. 100gm x 8 bricks.
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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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Finance
Give 8L to this dude who is screwed and save his life: https://www.desidime.com/discussions/urgent-hel... Demand some work from him for x years or sign a contract in return for it of course.
Take equity advisory service from a good advisor (based on your friend's risk profile) and invest in equity.
Guys sailing in the same boat.. asked the same 2 days back over reddit. Not a single answer i got that is fruitfull.
Please help me as well..
Getting 35 lac and 15 lacs 2 installments both in cash.
How can i add these in bank account and then to stock broker account with least tax implications..
What source shall i show.. Tia
Most people adjust the cash to purchase property or Gold.
Depositing cash in Bank should be avoided.
You can also pay 20% to those bhagwat guys and change black money to white. I suggested and prefer gold as it is the safest option.
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Buy some golds and silver and distribute some amount in your family member
Purchase new property within 6 months?
Udao 🗿
Buy a house near colleges or factories and rent it for students and employees. Specify any rate for rooms. There are many bachelors available. You'll get monthly income.
+1, PG business is skyrocketing.
Even near big coaching centers (likes of Aakash, Allen)
But needs full time maintenance (or trusted managers).
Buy Bitcoin with self custody
Ideas for 50L cash:
1) post office still accepts cash on few investments - ppf 1.5L/year,..
2) Given few lakhs to close family members which they can spend as cash and ask them
a) to pay your bills (like rent,credit card bill,..)
b) send back the amount as bank transfer which you can claim as gift. (Gift from close family members are exempted from tax).
Buy Toyota Fortuner.
Purchase a semi furnished house in an urban area and put it on rent (PG/OYO) for better returns and the property price will also keep increasing
Best is delete this post. Nahin toh aapki wajah se aapka dost ka 50L toh jaayega hi aur woh bhi andar ho jaayega
Even if u chose peace over money...
Society won't let u live in peace.
They want u to be like them or they make ur life hell even if u r living in heaven (Thru Meditation, Gratitude etc etc, u can experience heaven here itself)
10 auto lelo aur kiraye pe Chadha do
split the amount into 5l and deposit into different accounts different person of the bank, in a year if you are filing tax you can deposit upto 20 lakh so 4 accounts of different people go and depoist and convert into white. also the deposit charges are shit high even in govt banks around 500 to 1500rs for 5 lakh. And pay tax on interest next year.
Frequency must be once in a week or twice in a month for deposit and also just mention you got money from selling property or giving rent or lease to a person if at all they ask on face why deposit, else none of the bank will question you now
Give me and forget the rest
Give it to me
Hire a small farm place. Get a GST registration (composite scheme) for farming business.
Buy some poultry for 20-30k or 1-2 low value animals and sell them immediately at no profit/no loss.
Deposit cash in the bank a/c and claim it as income from farming (poultry or animal husbandry). File ITR claiming it as agricultural income.
Keep all proofs ready, like registered lease deed for farm, poultry purchase receipts and GST returns etc.
You should be CA for Politicians
Will do Farming (agriculture)
Buy a property where you can earn rent. Only 11 months agreement
Buy 4g 22k,24k coins from local shops,
Income tax has also voted up and give karma and following this thread.
Give it to me bro.i will give more than fd interest .
I will give 50k per month interest.
I am ready to make agreement bond.
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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)