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How to tackle coming Admission season?

Discussion in 'The Big Adda' started by thesolar65, Jan 15, 2017.

  1. thesolar65

    thesolar65 2nd Lieutant FULL MEMBER

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    The Admission season is coming up fast. How do one pay donation/capitation fee this time for Medical/Engineering? Even if one has one crore in Bank, Can he withdraw 30-40 lakh from Bank and pay the management in cash? His white becomes black for others. But if Bank does not allow him to with draw, then what?

    @Levina @AbRaj @Gessler @Rain Man @ranjeet @MilSpec @SpArK and all who has interest in this.
     
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  2. Grevion

    Grevion Professional Think Troll IDF NewBie

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    Simple FD khulwa do donation mangne wale ke naam pe.:biggthumpup:
     
  3. AbRaj

    AbRaj Captain FULL MEMBER

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    Are you preparing for exam of work for pvt. College?
     
  4. lca-fan

    lca-fan Major SENIOR MEMBER

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    Do neft or RTGS, simple. :p:p:p
     
  5. thesolar65

    thesolar65 2nd Lieutant FULL MEMBER

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    I am well past that age, even one of my children will pass out law after 2 years. It just came to my mind.

    @Grevion @lca-fan
    The method you told is that he gets that in white. So what's the purpose? It is taxable. I was asking about real black.:smile:
     
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  6. AbRaj

    AbRaj Captain FULL MEMBER

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    Your question is very much genuine that's why I asked.
     
  7. Levina

    Levina Guest

    Why online bank transfers aren't working??? Just yesterday I checked my cousin's online portal (NIT).
     
  8. thesolar65

    thesolar65 2nd Lieutant FULL MEMBER

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    Arre, the donations are taken in black i.e cash. There should be no record. Normal rate for a Pvt. good medical college is about 5 lakh per year. But under the table runs from 50-100 lakh or more than that.
     
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  9. dray

    dray 2nd Lieutant IDF NewBie

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    Even if bank allows withdrawal of such amount in cash, anybody doing it will get flagged for investigation, which may lead to the recipient also. It's very risky unless someone already has enough cash converted illegally from old currency.

    Things will get tougher going forward, i assume that soon all bank and financial transactions will be mandatorily linked to Aadhar, i know CAs, IT officers, police and vigilance officers as clients who have though managed to convert old currency through bank or accounting malpractices, but now too afraid to transact with that money.
     
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