14 May 2012
A boy is 20yrs old he is having cash money with him a good amount if he want to show those black money in books of account what are ways to show in books of account as a white money. ." how to get conversion of black to white " with accounting or other wayss....
14 May 2012
3. Offence of money-laundering.-- Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime and projecting it as untainted property shall be guilty of offence of moneylaundering.
4. Punishment for money-laundering.-- Whoever commits the offence of money-laundering shall be punishable with rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine which may extend to five lakh rupees:
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