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Converting Black Money into White. (preventive measures)

Page no : 3

Isaac Gabriel (Advocate)     13 August 2011

In previoux two occasions the finance ministry had provided opprtunities to disclose the black money by voluntaru disclosure schemes, and it could be resorted to bring the black money out. 

Sanjay Arora (Businessman)     14 August 2011

Mr. Gabriel

 

Such scheme only extend hope to tax evaders, that such schemes will come again & again. And it tells the compliant people that they are fools to pay tax. Any such opportunity to declare tax should come at full tax rate only with a stick that any subsequent seizures shall be taxed with a 100% penalty or something similar.

 

Investing in Land due to extentive proportion of black & Imports due to its highly undervalued customs are two problem area that have to be tackled beforehand, as these are two major bastions of consuming & producing black money. Rest is already happening...with Information Technology, Monitoring of high value transactions, things will become ok.

 

However, unless land stamp duty becomes reasonable, there is little chance of that happening. Perhaps we need land revenuue deptt. to publish land deals on the nett and anyone offering significantly more (say more than 25% within a month of the deal)  to the govt. in a transparent digital auction, should acquire the property. And to mobilize that, we need huge property mutual funds who invest in such undervalued properties and sell them to realize profits. 

 

With best regards.

Sanjay.

Sanjay Arora (Businessman)     14 August 2011

Originally posted by :Satya Narayana Palukuru
"
very informative and request some possible solutions for this menance please?

Some of the officers assests seized by state U/S 13 of the ACB act and why

not state plan for amendement of the act for inclusion of politicians and others too.
"

I too think that should happen & I think thats where agitations like Anna Hazare's should eventually lead to...but there is little hope of that happening anytime soon. Ramdev had a good core issue, but he spoiled it by making too many immature demands and running away instead of peacefully getting himself arrested.

 

These movements have shown one thing though....that people are emotive about the issue, therefore I think there is real chance that things may lead to somewhere in the end.

 

Increase of real estate prices around Delhi, immediately after Ramdev incidents shows that foreign money may already by coming back & getting invested in property, due to nervousness being experienced in corrupt circles.

Sanjay Arora (Businessman)     14 August 2011

Originally posted by :chaitanya
"
more than people in india they are storing more than blackmoney like money, property or any (or) they depend on some binomees but here there is no problem because we converting your blackmoney into whitemoney with tax paying to government.



 
 
"

But what is the proportion of real earning & that being declared & paid tax on?....that's the real question & I'm afraid that's not benign yet ;-)

sanju (CA)     07 January 2012

connect with me black2whitemoney.wordpress.com to make black money into white

Anil Agrawal (Retired)     07 January 2012

Black? Where is white?

Praveen (Director)     29 August 2012

If Majority Netas & Babuj really is responsible for black money then why we r paying taxes to make them more & more bigs(pigs)

nobody likes984622 (nope)     28 September 2013

Dear sir , Convert your liquid cash asset into fixed asset from minimum 150crs. to maximum 550crs. In just one day , we offer different packages from banking methods to commercial property, Keep the in safe doesn’t give any returns rather spreading it as manure will grow like weeds , Email us your requirement at nobodylikes984622 gmail.com , available on g-talk after 7pm -1 am , Get rid of your B. M burden DURING INFLAMATION TIMES now at present situation . Only Safest & professional ways , interested party can contact us . We don’t respond to your comments belowe . Only genuine party contact us .. with the part of convertion amount Thank you . Regards Dark shadows

nobody likes984622 (nope)     28 September 2013

Dear sir ,

 


Convert your liquid cash asset into fixed asset from minimum 150crs.
to maximum 550crs.

In just 2 day , we offer different packages from banking methods to commercial property,

Keep the in safe doesn’t give any returns rather spreading
it as manure will grow like weeds ,

 

Email us your requirement at nobodylikes984622 gmail.com

, available on g-talk after 7pm -1 am ,

 

 

 

Get rid of your B. M burden DURING INFLAMATION TIMES
now at present situation .

 

 

Only Safest & professional ways , interested party can contact us .

 

We don’t respond to your comments belowe .

Only genuine party contact us .. with the part of convertion amount

Thank you .

 

Regards

 

Dark shadows


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