How do you convert Black money into White Money?

How do you convert Black money into White Money?
Black money is Total money minus White money.
White money is Total money minus Black money.

In todays India everyone have lots of Black Money with them. It is common phenomenon that most of the people converts or they want to convert their Black Money into White Money.


1. Black money can be convereted into White money by donations to PM funds, National emergency fund, Forming educational institutions and trusts.



2. Go to a Jeweller and give him the amount of Black money you want to convert it into White money. He would give you a Cheque back for the same amount less 4%. He would give you a Reciept to show that you have Sold Jewellery to him. On the amount of the cheque when you file your returns you will have to pay capital gain tax. The money is White now.