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Black money eradication from India - white India mission

Income Tax - By: - CS Swati Dodhi - Dated:- 17-11-2016 Last Replied Date:- 18-11-2016 - How does the Government plan to remove black money from India ? Step 1 : Demonetise ₹ 500 and ₹ 1000. get ₹ 1420000 crores out of the market. St .....

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red to be made in cheque or RTGS only to claim expenses in Income Tax. All cash transactions to be disallowed. Step 5 : A Cash Limitation order will be issued that will allow only maximum cash allowance of total ₹ 50000 per person. Step 6 : As .....

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try to shift to Gold, Gold coins manufacturing and imports will be banned. Step 8 : A Gold and Precious Jewellery control order will be issued which will allow only 500 gram of Gold per person and a certain value of other jewellery. Relaxation will b .....

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operty (Land, Buildings and Flats) and shares will have to be declared to the authorities in a particular format. After a certain date, all undeclared property or shares will be liable to be taken over by the state. That will complete the removal of .....

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be no cash deposits and withdrawal after a specified date. This will save the cost of printing notes and reduce the work of bank in handling notes. The currency printing press will also less work and could be utilised for some other work. online tra .....

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