DEMONITISATION: FOSTERING MONEY LAUNDERING

The Government of India has investigated every possibility to destroy the parallel economy through Black Money Act to Income Disclosure Scheme and the recently introduced Demonstration Scheme. A number of techniques are being used by hardcore tax evaders to launder cash. It has been disclosed after several raids and surveys carried out by the tax department how frauds are coming up with new and inventive approaches to convert the black money.  Read more

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