Tag: black money

Raviraj Parekh May 17, 2020

Tax calculation for black money – 200% Penalty

Tax calculation for black money – Demonetization of Rs 500 and Rs 1000 notes is one of the best decisions made by Modi government. This decision has created havoc. Everyone is rushing towards bank to exchange or deposit old high denomination notes. If you have a …

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Raviraj Parekh May 17, 2020

Black Money Removal Scheme – Rs 500 and Rs 1000 notes scrapped

India takes historic step to fight corruption, black money, and counterfeit currency. From 8th November 2016 midnight old Rs.500 and Rs.1000 notes will no longer be valid. New Rs.500 and Rs.2000 notes will be issued from 10th November 2016. It is very bold and decisive step …

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Raviraj Parekh May 31, 2020

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 …

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Raviraj Parekh July 4, 2020

Black Money Hawala and Jan Dhan Yojana

As per RBI hawala operator and money launderers can misuse Jan Dhan Yojana for Hawala & Black Money. Hawala operators can split big amount and using several bank accounts they can operate Hawala network. RBI issues caution to banks in this regard. What is Pradhanmantri Jan …

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Raviraj Parekh April 17, 2018

10 ways to Convert Black Money to White

Converting black money to white is very common today. People use all illegal method to convert black money to white. This article is written to expose ways which people use to convert black money to white. I no way encourage any taxpayers or anyone to use …

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Raviraj Parekh May 6, 2013

Red Spider 2 – Sting operation against money laundering by Cobra post

Online media firm Cobrapost.com today made money laundering allegations against a wider set of banks and financial institutions. Sting operation of cobra post “Red Spider 2” claims that 23 Bank including SBI & insurance companies LIC are involved in converting black money to white money. Refer to following …

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