Posts Tagged ‘black money india’

Proof – Tax Evasion Tax Avoidance and black money are common in India

Proof – Tax Evasion Tax Avoidance and black money are common in India

One reader recently posted a comment on the blog asking- He has 1 Cr black money. How to convert it to white? I simply answer him that fastest way to convert this money into white is declaring it and paying tax on it. I am sure that he must be cursing me. However, it is known fact that Tax Evasion, Tax Avoidance, and black money are very common in India. Now, guess how many people actually pay Income Tax in […]


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 […]