ISSUE SUBMITTED FOR CONSIDERATION OF COMMITTEE ON BLACK MONEY
GENERATION/ABSORPTION OF BLACK MONEY IN PROPERTY TRANSACTIONS-PRACTICAL WAY TO PREVENT/MINIMISE IT
Black Money, whether generated by tax evasion or corruption, is largely invested in property, especially in metro and 10-15 other important cities. This note suggests a practical/simple way to prevent/minimize use of black money in property transactions.
For every city, Circle Rates (for land/flats) are prescribed by S
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