What Black money?

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What Black money?

Post by confuzzled dude on Thu Dec 01, 2016 8:59 pm

NEW DELHI: The main reason given by the government for demonetising high denomination notes was to curb black money. Various estimates have been made of the quantum of such money -- which is not expected to be deposited in banks -- ranging from Rs 3 lakh crore to Rs 5 lakh crore.

But if one goes by the deposit trends so far and the projections, the black money expected to be purged may be much less than expected.
Either there's not much black money left in high denomination notes or those who have such money have already put it back into the banking system.

In any case, the calculation of Rs 3 lakh crore to Rs 5 lakh crore as black money may not stand.
http://economictimes.indiatimes.com/news/politics-and-nation/what-black-money-government-may-be-in-for-shock/articleshow/55719794.cms

rofl @ Thughlaq Modi

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Re: What Black money?

Post by southindian on Fri Dec 02, 2016 9:29 am

Psst... Psst.

Businessman declares Rs 13,000 crore under disclosure scheme, fails to pay tax

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Re: What Black money?

Post by FluteHolder on Sun Dec 04, 2016 6:32 pm

http://www.thehindu.com/news/national/Mumbai-family-startles-taxmen-with-Rs.-2-lakh-crore-declaration/article16760927.ece?homepage=true

A Ministry statement said: “A family of four declarants, namely Abdul Razzaque Mohammed Sayed (self), Mohammed Aarif Abdul Razzaque Sayed (son), Rukhsana Abdul Razzaque Sayed (wife) and Noorjahan Mohammed Sayed (sister), who were shown as residents of … Bandra (West), Mumbai, filed a total declaration of Rs. 2 lakh crore. Three of the four PANs were originally of Ajmer, which were shifted to Mumbai in September 2016, where the declarations were filed,” the Ministry said. “The other declaration was filed by one Mahesh Kumar Champaklal Shah, resident of … Ahmedabad for Rs. 13,860 crore.”

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Re: What Black money?

Post by garam_kuta on Sun Dec 04, 2016 7:00 pm

FluteHolder wrote:http://www.thehindu.com/news/national/Mumbai-family-startles-taxmen-with-Rs.-2-lakh-crore-declaration/article16760927.ece?homepage=true

A Ministry statement said: “A family of four declarants, namely Abdul Razzaque Mohammed Sayed (self), Mohammed Aarif Abdul Razzaque Sayed (son), Rukhsana Abdul Razzaque Sayed (wife) and Noorjahan Mohammed Sayed (sister), who were shown as residents of … Bandra (West), Mumbai, filed a total declaration of Rs. 2 lakh crore. Three of the four PANs were originally of Ajmer, which were shifted to Mumbai in September 2016, where the declarations were filed,” the Ministry said. “The other declaration was filed by one Mahesh Kumar Champaklal Shah, resident of … Ahmedabad for Rs. 13,860 crore.”

wow..that's more than the estimated 1.85 lak crores Shocked
Inherited from/the descendants of legendary haji mastan from whom indira gandhi took some loan, once upon a time? Rolling Eyes

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Re: What Black money?

Post by FluteHolder on Sun Dec 04, 2016 7:09 pm

Btw, where is uppili? Has he converted to burkha clan? No comments from him? Smile

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Re: What Black money?

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