Black money circulation.

According to Income Tax Act all business transactions above Rs.20000/- should be through cheques only. But this is not so in case of property transactions. Huge amounts are transacted through cash. This should stop and any property transaction should be through banks only. This law should be enforced. more  

View all 17 comments Below 17 comments
It is true that these are known to all but the fact is nothing is being done about it. Restrict all property purchase through banks only. Cash should not be readily available for payment for this Notes of Rs.1000, 500, 100 should not be available for circulation. more  
THE ABOVE FACTS SUBMITTED BY SRI JAYAKRISHNAN ALAMBATH IN HIS COMMENT ABOVE, THOUGH KNOWN TO ALL THE GOVERNING BODIES OF THE INDIAN HOLY CONSTITUTION, NO CONSTITUTIONAL BODY TOOK INTEREST OR RESPONSIBILITY UPTO LAST 2 YEARS. EVEN THEN, AND EVEN NOW THERE IS NO CO-OPERATION AND CO-ORDINATION IN ANY TWO BODIES TO SAVE THE INDIAN PUBLIC MONEY UNDER THE PRESENT PATRONAGE OF THE RULES OF THE CONSTITUTION. THAT IS WHY, SOME-THING IS TO BE DONE BEYOND SELFISHNESS WITH ABSOLUTE PATRIATISM OR ; PIETY/ COMPASSION ON THE POOR AND NEEDY INNOCENT CITIZENS UNDER THE DEMOCRATIC CONSITUTIONAL RULE. more  
THE ABOVE FACTS SUBMITTED BY SRI JAYAKRISHNAN ALAMBATH IN HIS COMMENT ABOVE, THOUGH KNOWN TO ALL THE GOVERNING BODIES OF THE INDIAN HOLY CONSTITUTION, NO CONSTITUTIONAL BODY TOOK INTEREST OR RESPONSIBILITY UPTO LAST 2 YEARS. EVEN THEN, AND EVEN NOW THERE IS NO CO-OPERATION AND CO-ORDINATION IN ANY TWO BODIES TO SAVE THE INDIAN PUBLIC MONEY UNDER THE PRESENT PATRONAGE OF THE RULES OF THE CONSTITUTION. THAT IS WHY, SOME-THING IS TO BE DONE BEYOND SELFISHNESS WITH ABSOLUTE PATRIATISM OR ; PIETY/ COMPASSION ON THE POOR AND NEEDY INNOCENT CITIZENS UNDER THE DEMOCRATIC CONSITUTIONAL RULE. more  
If black money circulates it becomes a bigger evil. Too much money chasing too few goods and this will lead to inflation. If black money is invested in land that also becomes an evil. Price of land will shoot up. Housing will go beyond the reach of common man. A lot of black money is invested in gold also. Over and above this money laundering industry is also flourishing. more  
No matter what we think,Is anybody taking a note of it and we expect to see the changes we desire or we are discussing issues and everything goes in vain...The intention is that somebody from the govt must notice the things people want and we get to see a better India more  
Post a Comment

Related Posts

    • Should Convicts be Barred for Life from Polls?

      The above question is posed by Supreme Court to Central Government and Election Commission. If a convicted person is barred from govt. employment, what is the rationale behind provisions in the Rep...

      By MOHIT PANDE
      /
    • Request for Survey

      Local Circles please carry out a Survey on the following topic: * Noise pollution due to Loud Speakers at Religious Prayer places and its health effects viz increased stress levels, sleep dis...

      By MOHIT PANDE
      /
    • Stray Dogs Menace:

      A tragic incident occurred near Wadala Chowk in Jalandhar, where an elderly woman was attacked by 7-8 stray dogs while on her way to a Gurdwara early in the morning. The entire incident was recorde...

      By Harsimran Kaur
      /
    • Income Tax Act 1961: Suggestion for making it Simple

      Government had invited suggestions for simplifying Income Tax Act, 1961. In this connection I would like to suggest that “CHAPTER VI-A DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME” m...

      By MOHIT PANDE
      /
    • By Mahen Patle
      /
    • FLOOD CONTROL – Solution

      Every year various parts of our country face floods during rainy season. This year floods were more severe. Since independence many proposals were submitted to Government which included River Linki...

      By MOHIT PANDE
      /
    • States holding BH registration of vehicles

      Ministry of roads had issued detailed guideline in the year 2022 for implementation of registration of vehicles under BH series. This step was a revolutionary step to reduce the hardships faced by ...

      By Abhishek Prahladka
      /
    • ALLOW WOMEN TO CARRY PEPPER SPRAY FOR SELF DEFENSE

      With increasing cases of Molestation, Rape and Rape & Murder in all over India, the Government should consider permitting women to carry 35 gm Pepper Spray for Self Defense. In places of e...

      By MOHIT PANDE
      /
    • BAN LOUDSPEAKERS AT RELIGIOUS PLACES OF WORSHIP

      Noise pollution is an invisible danger and impacts millions of people on a daily basis. The Noise Pollution (Regulation and Control) Rules, 2000 under the Environment (Protection) Act, 1986 ...

      By MOHIT PANDE
      /
    • Remove Input Tax Credit

      CBIC detects Rs. 36,374 Cr. Fake ITC in FY 2023-24 In a significant revelation, the Central Board of Indirect Taxes and Customs (CBIC) has reported a massive detection of fake Input Tax Credit...

      By MOHIT PANDE
      /
    • Good Governance in a Democracy and Citizens' expectations

      India is a country with enormous Manpower resources and it took 1st place in the world surpassing China. India is said to be world's largest Democracy and growing economy. Even after o...

      By RAGHONADH DUTT P
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)