Posts Tagged ‘black’

Converting black money into white Scam by ICICI, HDFC

Converting black money into white Scam by ICICI, HDFC

Bank most trusted place to keep our money, mostly we keep our extra money in bank account, but what happen if bank in which you are keeping your money is involved in illegal activity? You will defiantly think twice before placing your money in that bank. Yes we are talking about countrywide undercover investigation by Cobrapost which shows that ICICI Bank, HDFC Bank and Axis Bank committing gross violations of the Income Tax Act, FEMA, RBI regulations and the anti-Money […]


Corruption, Scam & Black money – India’s reality

Corruption, Scam & Black money – India’s reality

Since last few days corruption and scams has became prime point for discussion. Coal scam, 2G scam and common wealth game scam has cause impression that India is center for corruption, scams & black money. According to World Bank research report India’s present parallel economy is 30% of GDP. Black money is causing negative impact on GDP and government income through tax. Economic transaction for which no records are kept is called as part of parallel economy or black economy. […]


Buying house in Gujarat is difficult because of black money

Buying house in Gujarat is difficult because of black money

Planning to buy house in Gujarat? Want maximum Loan to get Tax benefits? Sorry dude! You are at wrong place. Except for very few builders’ schemes, you need at least 50-60% cash of the purchase price to afford a house. We live in information age, we all talk about RTI, but anyone of us ask builder why they are asking for cash money?  Government is not even bother about these black money transactions. I don’t know why government is not […]