Black Money

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Guys,

What do you think is/are the best ways to prevent the accumulation of Black Money? Lets see what CA students have gotta say about this? Everbody keeps saying Get the Black Monet stashed in Swiss Bank accounts into India. But why not take an initiative to prevent the accumulation of it right away?

So what best steps to prevent Black Money accumulation?

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On 26 June 2011 at 22:51 Report
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CA Final
1418 Points Posted on 27 June 2011

the present system of currency should be changed and all the transaction must be dealt with either debit or credit cards.

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On 27 June 2011 at 07:19
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CA IN PRACTICE
16719 Points Posted on 27 June 2011
Originally posted by : Vishnupriya

the present system of currency should be changed and all the transaction must be dealt with either debit or credit cards.
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On 27 June 2011 at 07:29
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C.A C.S
3983 Points Posted on 27 June 2011

THE MOST BEST AND SAFEST WAY IS TO PAY TAXES PROMPTLY THEREBY LEADING TO NO BLACK MONEY,...

AND IF U HAVE A KIND HEART GO FOR SOME CHARITY,.....(OUT OF THE SYLLABUS,..) HE HE


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On 27 June 2011 at 07:32
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Student
442 Points Posted on 27 June 2011

stop printing Rs. 500 & 1000 currency note denominations....and major transactions should be routed through card....

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On 27 June 2011 at 09:52

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