Black money is the money which is earned how politican make black money into white or the money which is not declared for tax purpose. It has no record, no accountability, no audit. There is no exact estimation as to how much black money exists in the country, but there are various estimations regarding it, that run into lakhs of crores. According to experts, only 5 to 6 per cent of black money is in the form of cash. A huge part of it is in the form of real estate, gold and other precious metals, shares, benami property. Here, we will discuss how to convert black money into white money? We are for supporting Black Money. But you should be aware of it so that no one can use it hoe generate Black Money. Black money generates because of unrealistic tax laws, control policy, inflation, political parties need cash funding during elections .
As the poor struggle, black money owners are finding a variety of ways to save their wealth.
Ghost of demonetisation haunts traders of Zaveri Bazaar. Despite demonetisation and RERA, builders still asking for cash. IAF flew tonnes of new notes after demonetisation: Dhanoa. Realty market sentiments sink to demonetisation period level. All rights reserved. For reprint rights: Times Syndication Service. Politics and Nation. Defence Defence National International Industry. Company Corporate Trends Deals. International Business World News. Market Watch. Pinterest Reddit. The Congress Friday alleged that demonetisation was a «scam» to convert black money to white and asked the BJP to declare who is responsible for the «economic loss» caused by the Modi government’s move. Congress’ chief spokesperson Randeep Surjewala said Prime Minister Narendra Modi had called the demonetisation «disaster» an economic revolution and had given tackling black money, counterfeit currency, terrorism and Naxalism as reasons for the move. None of the stated objectives of the government were achieved, the Congress leader said. He cited a Reserve Bank of India report to state that over 99 per cent of the demonetised currency has been deposited in banks. The BJP should now state that who is responsible for the economic loss caused by demonetisation, Surjewala said in a statement. Surjewala’s remarks come a day after the second anniversary of demonetisation. Earlier in the day, Youth Congress members accompanied by senior party leaders Friday staged a protest against demonetisation outside the RBI office here and were detained by police. The government and opposition parties were Thursday locked in a bitter war of words with Finance Minister Arun Jaitley citing a spike in the number of taxpayers to staunchly defend demonetisation while Congress president Rahul Gandhi said the note ban cost 1. Jaitley said demonetisation resulted in formalisation of economy and increased tax base. The BJP also posed 10 questions to the Congress, asking why its finds merit in protesting every «anti-corruption» measure of the Modi government and accused it of «living in denial» despite a surge in GDP numbers.
As the poor struggle, black money owners are finding a variety of ways to save their wealth.
Randeep Surjewala’s remarks come a day after the second anniversary of demonetisation.
All rights reserved. For reprint rights: Times Syndication Service. Politics and Nation. Defence Defence National International Industry. Company Corporate Trends Deals. International Business World News. Market Watch. Pinterest Reddit. ET Bureau. Senior advocate Prashant Bhushan on Sunday criticised the Union government for not taking proactive steps to bring in transparency in political funding. The electoral bonds, he said, would provide complete opacity though they are given from bank accounts.
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Politics and Nation
Get to a jeweller. Give him the amount you want to convert into white as cash. On the amount of the cheque when you file your returns you will have to pay capital gain tax. Black money is not a synonym for the cash economy. For instance, there are several transactions which have to be carried out in cash: Municipal tax, passport fees, purchase of government stamp paper, opening a bank account. How did the first black money become black? Like all money, it started life in a sarkari mint, all spruced up and spiffy. Face and knees well scrubbed, shoes shined, laces knotted neatly, it got a valedictory pat on the head from the RBI governor and was sent out to make its way in the world. So where and how, after this immaculate conception, did it suddenly become black? Sukh Ram?
Caught On Camera: Politicians Offer To Convert Black Money Into White For 40% Commission.
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In Pali in Rajasthan, a family couldn’t take their ill infant to the hospital because the ambulance wouldn’t accept Rs or 1, notes. By the time they could get someone to give them Rs notes, the newborn had died. This is one of several such deaths after the government de-legalised Rs and Rs bank momey. All deaths have been of people belonging to middle class and poor families. There have been no reports of black money polifican committing suicide or dying of heart attacks due to the sudden shock of realising their cash had become worthless paper overnight. That’s because, firstly, people with black money keep very little ,oney it in cash. They find many ways of converting it into white and holding on to it in a variety of assets. The best known of these is real estate, but there’s also gold, foreign currency, foreign banks, benami accounts in Indian banks, the stock market and regular commercial enterprise. Most of them will be able to save politiczn this cash, it seems, given how frantically India is Googling for «How to convert blackk money into white» and the top searches are from Gujarat. Here are 13 ways in which such people are succeeding:. Temple donations. There are reports of people giving their black money to temple ‘hundis’ or donation boxes. Temple managements will show this money as anonymous donations, exchange it for new currency notes, keep a commission for this service, and return most of it to the owner. The government has already clarified that temple hundis will not be asked questions.
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