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 if the aggregate amount […]

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 […]

April 2017 may be the earliest India can say goodbye to the demonetisation nightmare

April 2017 may be the earliest India can say goodbye to the demonetization nightmare We are 15 days away from Prime Minister Narendra Modi’s 50-day deadline to end the worst effects of the scrapping of 86 per cent, by value, of currency. In the chest-thumping, hand-wringing controversy that has ensued since the announcement on November […]

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