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What Will Happen to Black Components in Property Transactions?

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What Will Happen to Black Components in Property Transactions?

Last updated: October 29 2015
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  • #81

    #81

    Re : What Will Happen to Black Components in Property Transactions?

    Black money

    Originally posted by Jogeshwar View Post
    Is it?
    I am not saying that but the article says that.
    But the loss is to the Government treasury.

    Comment

    • #82

      #82

      Re : What Will Happen to Black Components in Property Transactions?

      Originally posted by vaibav123 View Post
      I am not saying that but the article says that.
      But the loss is to the Government treasury.
      Black money: Digvijaya Singh dares Centre to reveal names of account holders - IBNLive

      Comment

      • #83

        #83

        Re : What Will Happen to Black Components in Property Transactions?

        While I wish that 100 billion $ of black money comes back to India,we have to be realistic.
        Black money list: Only 27 out of 627 to be prosecuted, govt to get mere Rs 750 crores | Zee News
        http://www.dnaindia.com/india/report...closed-2030422
        http://www.ndtv.com/article/india/as...-lateststories
        Extract;
        The Supreme Court has set an end-March deadline for the investigation that is meant to determine which Indians have hidden untaxed money abroad. An array of sources warn that despite estimates of billions of dollars of black money that stand to be recovered, what is likely to be traced is a far more modest amount.

        In 2010, as Delhi pushed Geneva to share information about Indians who held allegedly illicit bank accounts in Swiss banks, nearly 14,000 crores were moved out of those bank accounts, revealed sources in the Foreign Ministry to NDTV.
        My view;
        Money banked abroad is by powerful and knowledgeable people,who know how IT/ED operates.They know the rules and more important loopholes in the law.
        Powerful people get information which common man does not lay his hands on and they will use it to hide black money and convert black into white.
        It is a game where hunters and hunted know each other and hunted knows the ways of hunter.
        Last edited October 31 2014, 08:12 AM.

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        • #84

          #84

          Re : What Will Happen to Black Components in Property Transactions?

          Jaitley right to ask taxmen to focus on domestic black money: Here's why - Firstbiz

          Comment

          • #85

            #85

            Re : What Will Happen to Black Components in Property Transactions?

            BJP's opportunistic haste in inflating numbers on black money and every scam to hit UPA has come back to bite, now that it's in government : National Interest - India Today

            Bulk of black money is in land sale,betting,medium businesses,hotels,shops,liquor vends etc which have daily cash turnover and off course in mining-sand-coal,iron ore etc..
            Hunt domestically to drain out black money hidden in the economy and relieve honest salaried tax payers who are targeted and cannot save anywhere without shelling out tax and then get negative returns on product taking inflation into a/c.
            FD 9% interest minus ,30% as tax and get only 6% which does not beat inflation.

            Comment

            • #86

              #86

              Re : What Will Happen to Black Components in Property Transactions?

              Originally posted by vaibav123 View Post
              BJP's opportunistic haste in inflating numbers on black money and every scam to hit UPA has come back to bite, now that it's in government : National Interest - India Today

              Bulk of black money is in land sale,betting,medium businesses,hotels,shops,liquor vends etc which have daily cash turnover and off course in mining-sand-coal,iron ore etc..
              Hunt domestically to drain out black money hidden in the economy and relieve honest salaried tax payers who are targeted and cannot save anywhere without shelling out tax and then get negative returns on product taking inflation into a/c.
              FD 9% interest minus ,30% as tax and get only 6% which does not beat inflation.
              Is Indian wisdom going up or down or is in confused state?

              Comment

              • #87

                #87

                Re : What Will Happen to Black Components in Property Transactions?

                Whether Indian wisdom is going up or down or confused is unknown,but this article is worth reading about black money.
                Sunanda K Datta-Ray: Black money and black holes | Business Standard Column
                Black money topic was used to generate negative feelings about earlier Government,but the present one is also going about recovery of black money in dodgy style.

                Comment

                • #88

                  #88

                  Re : What Will Happen to Black Components in Property Transactions?

                  TOI Editorials | The kala yug of black money : Times of India

                  Comment

                  • #89

                    #89

                    Re : What Will Happen to Black Components in Property Transactions?

                    Six ways in which black money is created - Economic Times
                    Mining had been a real source of black money.
                    The land we stand on is another source of black money-Re industry,especially in land sale,huge amount of cash floats around.
                    Corruption -in which we pay cash to people for getting services done -like registration of land all add to illegal cash holdings.
                    Most of decision makers have deep interests in land/RE.
                    No wonder no real action to cure RE of ills is being taken.RE remains a major source of black money and a source where illegal money gets invested and reinvested.
                    People with such cash holdings are big culprits.
                    We keep reading of reports where peons and clerks in RTO office,land registration,banks have crores in cash.
                    You think you are paying speed money when ten people pay,the sum becomes huge black income for such corrupt scum of the nation.
                    Stop paying bribes.
                    Do not deal with builders who ask for cash.Plot purchases are another big source of cash generation.
                    IF these activities are checked,there will be real benefit to india as a whole.
                    Recovery of black money is not a vote catching device.
                    Last edited November 1 2014, 04:37 PM.

                    Comment

                    • #90

                      #90

                      Re : What Will Happen to Black Components in Property Transactions?

                      Originally posted by vaibav123 View Post
                      Six ways in which black money is created - Economic Times
                      Mining had been a real source of black money.
                      The land we stand on is another source of black money-Re industry,especially in land sale,huge amount of cash floats around.
                      Corruption -in which we pay cash to people for getting services done -like registration of land all add to illegal cash holdings.
                      Most of decision makers have deep interests in land/RE.
                      No wonder no real action to cure RE of ills is being taken.RE remains a major source of black money and a source where illegal money gets invested and reinvested.
                      People with such cash holdings are big culprits.
                      We keep reading of reports where peons and clerks in RTO office,land registration,banks have crores in cash.
                      You think you are paying speed money when ten people pay,the sum becomes huge black income for such corrupt scum of the nation.
                      Stop paying bribes.
                      Do not deal with builders who ask for cash.Plot purchases are another big source of cash generation.
                      IF these activities are checked,there will be real benefit to india as a whole.
                      Recovery of black money is not a vote catching device.
                      LOL(Laugh Out Loudly).History repeats again.

                      Comment

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