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Bringing back Black Money to India

12 February 2011

Government asserts its resolve to bring back to India, the huge amount of Black Money lying with Foreign Banks. But how it will be done? Is it posiible to attach the money in these accounts and get it transfered without account holder's instructions?? When brought back, where will it be deposited in India. Government can claim only Taxes with penalties on these amounts, what about remnaint? Will it be given to the account holders as official money?

In shirt there will be many matters to be attended before bringing back and putting thes funds in meanstream in India.

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1 Replies

Sanjay Agarwal (MANAGER) (165 Points)
Replied 20 February 2011

In my opinion, just taxing and penalasing the Black-Money Foreign Account-holders(Indians) is just like rewarding the monstrous criminals.

The source of this B-Money could be Curroption, smuggling, money laundering, hawala, Commissions (ilke Bofors), Money recd for helping to escape Criminals like Bhopal tragedy accused Warren Anderson, Import-Export over and under invoicing, kick-back in large corporations deals etc. None of these are just Taxable Transactions.

The Black-Money Foreign Account-holders(Indians) are actually Traitors and Anit-Social Elements and Criminals of this country. The Government and the so-called Patriotic politicians whose stand is to just Tax and penalise the B-Money are also Traitors and Anit-Social Elements and Criminals of this country.

The huge amount of black-money, which deserved to be in our country, would have given a much better life to the citizens like= Lesser Taxes, Lower Fuel prices, much lower inflation. better infra - roads, drinking water, electricity, schools and colleges, better std of living etc.

Because of these B-Money, we citizens have been deprived of much better life.

I feel, it is time, all citizens, for the sake of themselves, their family and future generations- whose custodians we are and lastly for our country, should rise and take efforts, means and devise ways to expose all the corrupts and the Black-Money Foreign Account-holders(Indians).

We educated should alteast write to The President, The PM (?), The CJ of SC and any authority and convey our support to people fighting for this cause.