Tag Archives: Black Money

Black Money is not really black but the ownership of this money is not from reliable sources so it is called “Black Money”

Should you disclose a deposit of less than Rs 2 lakh during demonetisation in your ITR?

Should you disclose a deposit of less than Rs 2 lakh during demonetisation in your ITR ? In part E of the tax return form that seeks other information from assesses including bank details, another column has been added seeking details of cash deposited between November 9 and December 30, 2016 i.e. during demonetisation if […]

Will Demonetisation and digital transactions stop corruption in India ?

Will Demonetisation and digital transactions stop corruption in India ? If digital transactions could curb corruption and black money , Kenya would have be the most transparent country in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers […]

May be the earliest India can say goodbye to the demonetization nightmare

April 2017 may be the earliest India can say goodbye to the demonetization nightmare Chest-thumping, hand-wringing controversy that has ensued since the announcement of demonetization on November 8, 2016, there has been an absence of facts on the question of re-monetizing India.