Asked by Andy Blackwell in Uncategorized
What is the black money?
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Asked in Business & Finance
How do you convert Black money into White Money?
Black money is Total money minus White money. White money is Total money minus Black money. In todays India everyone have lots of Black Money with them. It is common phenomenon that most of the people converts or they want to convert their Black Money into White Money. 1. Black money can be convereted into White money by donations to PM funds, National emergency fund, Forming educational institutions and trusts. 2. Go to a Jeweller and give him the amount of Black money you want to convert it into White money. He would give you a Cheque back for the same amount less 4%. He would give you a Reciept to show that you have Sold Jewellery to him. On the amount of the cheque when you file your returns you will have to pay capital gain tax. The money is White now.
Asked in Income Taxes
What is the Difference between black money and black income?
1. Black money is total money minus white money. White money is total money minus black money. 2. Black money can not be displayed. White money can displayed. 3. Black money is easy to handle as no records are required to be kept. White money is a pain in the neck since proper records are to be kept & nothing is left after paying income tax, service tax , sales tax , cess , value added tax, excise duty, customs duty, surcharges, Road Tax, traffic challans, electricity bills, water bills. By: Rahul Kr. Gupta
Asked in Real Estate Investing
Which money market company are black list by SEBI?
Asked in India
How do you overcome black money in India?
Plzz dont think that black money was not in the headline... If you want to over come from that.... I want to be the president of india..... Plz do something for me ............... Than i do for the country........... And i bit..... That black money will be converted into white money............ Than 1rs=5$
Asked in India Law and Legal Issues
What are the reasons for proliferation of black money in India?