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JAMAKHARCHI

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2010 Some please tell me what is “JAMAKHARCHI” and what are the process, one more thing why do company receive the cheque and paid it through cash to JAMAKHARCHI Co. what are the motive to do so.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
17 April 2010 THE MAIN MOTIVE IS TO TRANSFORM BLACK MONEY INTO WHITE MONEY AND REDUCE THE PROFIT OF THE COMPANY.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
17 April 2010 agreed



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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 April 2010 This is the illegal mode of transactions, wherein paper loans are taken to save Income tax.

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