What are Benami Properties and its Exceptions and Penalties? After demonetization one year back, in the hunt to remove black money from the country, another weapon the government has decided to use is seizure of Benami Properties. Mr.Narendra Modi has been indicating this in recent meetings / interviews that they would come up heavily on […]
Tag: Black Money
8 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 […]
How Black Money is being converted to White Money now?
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 […]
Panama Papers Leak – My Dear Black Money – Don’t 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 […]