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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. Step 2 : Print ₹ 2000 and ₹ 500 and ₹ 100 in the replacement market. Step 3 : Dismantle the cash economy by not allowing any cash transaction above ₹ 10000 without PAN or Aadhar. Step 4 : All salaries and business expenses requi .....

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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 be given for existing jewellery if declared to authorities as per format. After a certain date, all undeclared Gold and jewellery will be liable to be taken over by the state. Step 9 : A Property and Asset Declaration order will be issued where all pr .....

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