How do people deal with black money because of the ban of 500 and 1000 rupee notes?
Now that India has banned the 500 and 1000 rupees notes, what will the people with excess of such notes accrued as black money do? Can they escape?
How much black money is recovered till now? How much black money recovered till now? If the black money gets accounted in banks, is it still considered black? DO you think the RBI move to withdraw pre-2005 currencies from circulation will curb black money? If black money is being stashed abroad, and fake currency from elsewhere is entering our system simultaneously, how does it affect the economy? Does one cancel out the effect of the other? How would CA convert black money to white money? In which country did not have black money? Income tax get lots of black money through raids. Where does this money go? Is it illegal to steal someone's black money, pay tax on it/ convert to white legally and use it? Money: How does the mafia cover up black money earned through illegal activities in a legal business? When black slaves are too old to work or become disabled, do the white owners kill them to save money? Which country has the most black money? If people have life savings not deposited in the bank due to lack of trust, it's not black money. Why should they suffer? Will demonetization help India even if all 15.5 lakh crores of banned notes come back? Would you be willing to pay Rs. 10 lacs in black money for your dream home, post demonetization?