8 Facts about Cash Deposits of Rs 2.5 Lakhs – Tax and Penalty

Facts about Cash Deposits of Rs 2.5 Lakhs - Tax and Penalty

8 Facts about Cash Deposits of Rs 2.5 Lakhs – Tax and Penalty With Modi’s surgical strike on Black money, black money holders are finding various ways on how to convert such black money to white. Many are depositing cash in the bank on their family member and relatives' names. However, IT authorities have issued some guidelines that Cash Deposits above Rs 2.5 Lakhs may attract tax and penalty if the accounts are not proper. What are some of the […]

» Read more

How Black Money is being converted to White Money now?

converting black money to white money

How Black Money is being converted to White Money now? After demonitisation initiative and abolition of Rs 500 and Rs 1,000 notes by Central Government in India, there is a huge increase in search on google about how to convert black money to white money. Several experts are analyzing various ways on how black money can be converted to White Money so that they can help Big black money holders. In this article, I am providing some of the ways […]

» Read more

Panama Papers Leak – My Dear Black Money – Don’t come back to India

Panama papers leak - My Dear black money - Dont come back to India

My Dear Black Money – Don’t come back to India Panama papers leak is creating shocks all over the world. On Sunday the world became familiar with the Panama Papers, a massive 2.6-terabyte leak of confidential documents revealing a deep web of international corruption and tax evasion from the world's political elite. Today, there was one interesting text which was going round on Whatsapp. I thought I should share this with all of you. Also Read: How debt mutual funds […]

» Read more