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How to convert black money into white

Others 1070 views 5 replies

What is Black Money? How does the black money get generated? How is it converted? or What are the avenues for spending black money. These are some of the questions asked by the tax payer.  [click to continue]

 

Read More : How black money is converted into white money

Replies (5)

Interesting article. Govt knows all this and may be some are incolve also but if they put a break on these by implementing laws, their own life and their financers and other busineman life will be fixed hence its a hand in glove arrangement and nothing actually happens in ground. 

Financial system where  importance of currency is nil will be zero corruption system.

But beware you need to buy  Rs5  eraser or Rs10   Cilantro/chilli/lemon  by this method only.

Every purchase need to by mobile banking /net banking . 

Even if somebody pay for inflated bills and try to get cash from the taker it is not possible. 

Black money is which not recorded in your books of account . Eg if u sale a house for Rs 1cr but u show only 50 lac in sale deed so that to pay stamp duty only on 50 lac. So thus u hv received 50 lac black money. Earlier there was various way to convert black money into white by creating a pvt ltd company & purchasing its shares etc. But now not possible. However now only few remedies available.
What are those remedies
Originally posted by : Arif Ali
Black money is which not recorded in your books of account .

Eg if u sale a house for Rs 1cr but u show only 50 lac in sale deed so that to pay stamp duty only on 50 lac. So thus u hv received 50 lac black money.

Earlier there was various way to convert black money into white by creating a pvt ltd company & purchasing its shares etc. But now not possible. However now only few remedies available.

Thanks for your comment


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