Black Money And Tax Evasion In India PDF Download
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Author | : R Vaidyanathan |
Publisher | : Penguin Random House India Private Limited |
Total Pages | : 226 |
Release | : 2023-10-23 |
Genre | : Business & Economics |
ISBN | : 9357085459 |
Download Black Money and Tax Havens Book in PDF, ePub and Kindle
Just how much black money is there in India? Estimates vary from 10 per cent to 20 per cent of our GDP. Conservatively, Rs 15 lakh crore (10 per cent of Rs 150 lakh crore, our GDP in 2016-17). As for Indian money in tax havens around the world? Around Rs 65 lakh crore. Truly astounding figures. Black money or kala dhan is a topic that has elicited much debate in recent times. This has been mostly marked by mudslinging and name-calling, and the discussions that have ensued often have no basis in fact. While most people have a hazy notion of black money, only a few understand it in its entirety. The issue of tax havens is perhaps even more misunderstood. Most people fail to see the connection between tax havens and black money. Black Money and Tax Havens is the first work that discusses both of these issues in depth and offers a 360-degree view to the reader. In this work, R. Vaidyanathan provides the reader with a brief overview of black money-its generation, its estimates and how and why it is spirited away to tax havens. He also lays bare the danger that is posed to world financial well-being on account of the lack of political will to tackle these issues. A unique and timely work, this book packs in much information in an accessible manner.
Author | : M. M. Sury |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : Black market |
ISBN | : 9788177083880 |
Download Black Money and Tax Evasion in India Book in PDF, ePub and Kindle
To meet the deadline set by the Honourable Supreme Court for the previous Government, the new Government of Prime Minister Narendra Modi constituted a Special Investigation Team (SIT), soon after assuming office on May 26, 2014. Headed by Justice M.B. Shah, a former judge of the Supreme Court, SIT was notified on May 27, 2014 to look into the issue of black money. The objective of this book is to explain various facets and dimensions of black money and tax evasion and their complex relationship with the policy and administrative regime in the country. It describes the factors which lead to the generation of black money, and records various estimates of black money and tax evasion. It also presents the measures/strategies that the Government of India has been pursuing to tackle this issue, especially recent initiatives and developments.
Author | : Suraj B. Gupta |
Publisher | : |
Total Pages | : 198 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
Download Black Income in India Book in PDF, ePub and Kindle
Author | : Krishna Deo Gaur |
Publisher | : |
Total Pages | : 450 |
Release | : 1987 |
Genre | : Tax evasion |
ISBN | : |
Download Taxation, Black Money, and the Law Book in PDF, ePub and Kindle
Author | : Arun Kumar |
Publisher | : |
Total Pages | : 396 |
Release | : 2002 |
Genre | : Black market |
ISBN | : |
Download The Black Economy in India Book in PDF, ePub and Kindle
Author | : Pravinchandra C. Parekh |
Publisher | : |
Total Pages | : 320 |
Release | : 1982 |
Genre | : Tax evasion |
ISBN | : |
Download Tax-planning for Black Money (secret Income) Book in PDF, ePub and Kindle
Author | : Shruti V. Khanijow |
Publisher | : |
Total Pages | : |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Is Black Money Income Under the Indian Income Tax Act, 1961? Making an Argument for Amendment in Direct Tax Avoidance Agreement(S) and Tax Information Exchange Agreement(s). Book in PDF, ePub and Kindle
“Much of the black economy in India is like digging holes and filling them. One digs a hole during the day and another fills it up at night. The next day, there is zero output but two salaries are paid.”India has lost more than $14.3 billion annually in illicit financial flow during the past decade making it one of the top exporters of such capital from Asia. In this paper the Author has shown how black money is a menace in India and analysed best possible ways to curb it. The paper is divided into seven chapters. First Chapter deals with the definition of Income under the Income Tax Act, 1961 ('the Act') and attempts to answer whether black money will be covered under the statutory definition of "Income". The estimate of black money lodged in tax havens by global financial institutions like the International Monetary Fund has reached as high as $18 trillion. In light of the global statistics, the second chapter discussed how the 'black money termite' has and is slowly gnawing Indian economy. Third Chapter analyzes Finance Act(s), current and yesteryears', to seek an answer as to how new provisions have been fashioned to curb the menace of black money. The Forth Chapter critically analyzes the barriers in investigation of secret bank accounts. Chapter Fifth deal with Section 50C of the Act which has been inserted to curb the use of black money into buying of immovable property. Chapter Six discusses DTAA & TIEA agreements entered by India with Switzerland, Mauritius and Germany and effects of existing provisions and mechanisms to curb black money. Chapter Seven visits the TIEA(s) in depth and gives brief information about the tax havens and government machinery under the said agreement(s). While concluding the authors have suggested certain measures which will be helpful in curbing illicit money slashed abroad.
Author | : Varun Chandna |
Publisher | : Notion Press |
Total Pages | : 361 |
Release | : 2017-03-17 |
Genre | : Business & Economics |
ISBN | : 1946822302 |
Download The Curious Case of Black Money and White Money Book in PDF, ePub and Kindle
You cannot understand Money Laundering unless you understand ‘How’ this GAME is actually played. Flip in and you will!! Get in to understand ‘How’ the following may be related with Money Laundering Hawala Donations and Trust Mergers and Acquisitions (M&A) Shares and Share Market Hidden Leverage Real Estate Penny Stocks and Circular Trading Futures and Options (F&O) Letters of Credit (L/C) P-Notes Convertible Financial Instruments Imports & Exports Unsecured Loans and Fixed Deposits Bitcoins Special Economic Zones Bearer Shares Shell Companies and Panama Islands Gambling Numbered Accounts Gold and Diamonds Start-ups etc.
Author | : Dr. A.K. Saxena |
Publisher | : K.K. Publications |
Total Pages | : 376 |
Release | : 2021-08-03 |
Genre | : True Crime |
ISBN | : |
Download Black Money and Economic Crimes Book in PDF, ePub and Kindle
In the modern economic system, Black Money refers to funds earned in the black market, on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown, but one estimate by an expert reveals that the black money held by Indians, in foreign banks is more than all the black money, hoarded by people in the rest of the world, combined together. While official numbers are not available, Swiss banking personnel have also said that the largest depositors of illegal foreign money in Switzerland are Indians. Black Money is an economic term, hard to define, accurately. Black Money is also sometimes used for payments to evade tax. However, this is a mild form of black money. This money in fact is obtained, illegally and is partially suppressed. A popular way for criminals to launder black money in property is to set up complex structures. In this way, they try to see that the money flows out. This book on this subject should certainly prove to be an asset for all scholars, researchers and social activists Table of Contents Preface....................................... ix Introduction............................... 1 Definition of Black Money • Birth of Black Money • Burning Topic • Use of Black Money • Controlling Black Money • Roots and Causes of Black Money • Black Money Scenario • Another Definition • Mid-form of Black Money • Art of Spending • Repentance Scheme • Black Money in Swiss Banks • The Modus Operandi • Mauritius Route • Non-sufficient Funds • Implementation Black Money in India..................... 33 An Overview • Sources of Black Money • Parallel Economy • Political and Administrative Corruption • Indian Politics and Black Money • Remedy to Corruption • Failed Policies • Current Scene • Baba Ramdev and his Individual “Satyagraha” • Industries and Black Money • Poverty, Industrial Scam and Corruption • Illicit Means Adopted • Tax Information Exchange Agreement • Economics of Corruption • Remittance Services • Cybercrime • White-collar Crimes • Terrorist Financing • Human Trafficking • Court Cases Impact of Black Money on Indian Economy 71 Effects and Aftereffects • Other Effects • Various Causes of Black Money • Effects of Black Income • Impact on Common Man • Inflation • Speculative Investments • Major Tax Havens • State of Indian Economy Indian Government’s Actions against Black Money................................ 81 Law against Black Money • Income Tax Department’s Role • Various Measures Undertaken Money Laundering........................ 95 Disguising Illegal Sources • General Aspects • Methods • Enforcement • Laws by Region • Locations • Castle Bank and Trust • FIMACO • Fraud Enforcement and Recovery Act • Legislative History • Money Laundering Control Act • Money Mule • Nugan Hand Bank • Founding • Parcel Mule Scam • Russian Mafia Unlawful Transactions................. 129 Cheque Fraud • Types of Cheque Fraud • Bad Cheque Writing • Cheque Kiting • Bad Cheque Restitution Programme • Methods • Circular Kiting • ChexSystems • Services • Overdraft • Shared Cheque Authorisation Network Black Marketing........................... 155 Background • Transportation Providers • Modern Examples Insider Trading............................ 169 Definition of Insider • Legal Insider Trading • Illegal Insider Trading • Liability for Insider Trading • Tracking Insider Trades • Common Law Menace of Corruption................... 181 Etymology • Areas of Corruption • Corrupt Activities • Bid Rigging • Bribery • Cartel • Collusion • Cronyism Corruption in India....................... 207 An Overview • The Background • Politics • Bureaucracy • Land and Property • Income Tax Department • Judiciary • Armed Forces • Medicine • Religious Institutions • Education • Protectors against Corruption • Socioeconomic Issues • Economic Issues • Violence Organized Crimes......................... 223 The Background • Theoretical Background • Critical Criminology and Sociology • Models of Organised Crime • Individual Difference • Violence The Scams.................................... 249 Lottery Scam • Charity Scams • Fraud Recovery Scams • Pet-Scams • Rental Scams • Attorney Collection Scams Controlling Financial Crimes......... 255 Various Organisations • Directorate General of Economic Enforcement • Directorate of Revenue Intelligence • Economic Intelligence Council • Various Members • Financial Crimes Enforcement Network • Hawala • Financial Transaction Centre • Guardia di Finanza • Different Roles • Anti-drug Operations • Chiasso Financial Smuggling Case • Unit Awards • Special Departments • Mobile Phone Financial Services • Market Abuse • Market Manipulation • Servicio de Vigilancia Aduanera • Department of Customs and Special Taxes • Territorial Services • Armament and Equipment • Slush Fund • the United States Secret Service • Uniformed Division • United Nations Convention against Corruption Anti-corruption movement in India. 299 Background • India against Corruption Movement • August Protests • Vote Bank against Corruption • Political Support • Jan Lokpal Bill • Use of Cyberspace • Government’s Response • Political Response to Jantar Mantar Protests • Ramlila Ground Protests • Police Action against Demonstration • Aftermath of the Protests • Civil Society Response • Suo Moto Cognisance by the Supreme Court • Protest Timeline Laws in Various Countries............. 327 International Laws • Indian Laws against Corruption • The Acts • The Amended Act • Patronage • Ecclesiastical • Price-Fixing • Criticism on Legislation Bibliography................................ 345 Index.......................................... 363
Author | : Prashant Kumar Thakur |
Publisher | : Prashant Kumar Thakur |
Total Pages | : 168 |
Release | : 2013-10-03 |
Genre | : Law |
ISBN | : 1301858129 |
Download Tax Evasion Through Shares Book in PDF, ePub and Kindle
Tax Evasion Through Shares provides a very useful guide for officers of income tax department to catch the tax evaders who uses share transactions as medium to either evade tax or money laundering. The book , divided in three parts , includes many case laws which have to be consulted while framing assessment of share related cases. The author has also provided insights on tax evasion through derivative transactions and use of closely held companies shares to convert black money to white. The book is written by a tax officer who has devoted twenty years in investigating, enquiring the tax evasion and finally bringing evidences against the tax evaders. The book is primarily a guide for officer of Income Tax Department for investigation in share related cases. The books not only describe the ways of tax evasion, but how to detect, enquire and assess such cases.