WebJul 24, 2015 · The 1997 Voluntary Disclosure Scheme announced by the Government of India unearthed a big amount of black money as the tax rate in this scheme had been reduced to thirty per cent. The black money, according to some reliable estimates has gone up to Rs. 10,000 crores in our country. WebFirst, they are extremely durable—lasting a century or more. As the late economic historian Karl Polyani put it, they can be “poured, sacked, shoveled, hoarded in heaps” while remaining “clean, dainty, stainless, polished, and milk-white.”. Second, parties could use cowries either by counting shells of a certain size, or—for large ...
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WebJan 1, 2013 · Black money is defined by the Bangladesh National Board of Revenue (NBR) as being the money earned legally or illegally, but not declared to the government agencies, thus its holders avoid paying ... WebJun 17, 2024 · Prior to introduction of Black Money Act, 2015 any undisclosed foreign asset was liable to be assessed as undisclosed investment under sections 69, 69B of the Income-tax Act, 1961. Such undisclosed foreign asset could have been brought to tax by invoking provisions of sections 147-148 etc. of the Income-tax Act, 1961 in case income … motorolla 2.1 bluetooth driver gigabyte
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WebHere's where it could look to expand as the banking crisis emboldens the world's largest money manager. Rebecca Ungarino. 2024-04-14T19:23:55Z A bookmark. The letter F. … WebMar 24, 2024 · money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to … WebBackground. The Indian government had demonetised banknotes on two prior occasions—once in 1946 and once in 1978—and in both cases, the goal was to combat tax evasion via "black money" held outside the formal economic system.In 1978, the Janata Party coalition government demonetised banknotes of ₹1,000, ₹5,000 and ₹10,000, … motorolla 255 blue tooth replacement ear hook