Demonetisation
Banks have reported more than 40 lakh suspicious
transactions from 8th November.Govt should appoint
RBI empanelled CA's to represent this cases so definite conclusion is arrived by 31st March,2017 more
transactions from 8th November.Govt should appoint
RBI empanelled CA's to represent this cases so definite conclusion is arrived by 31st March,2017 more
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Before March 2017 government should collect tax on black money.Once this gets entangled in legal hurdles the whole issue will lose steam more
Feb 03
Banks usually report suspicious transactions (STR) above Rs 10 lacs to RBI. During demonetization cash was deposited in bank accounts. Abnormal transactions were detected by various software’s thru data mining or patterns. Maybe more than one crore transactions can be flagged as abnormal. The real issue is can Income tax dept issue notices, do follow up, etc and collect tax before march 2017 as this is a mammoth task with limited resources of manpower, technology, legal hurdles. This has to be done with a balance between no harassment to common man and collection of tax before 31st March, 2017. The Government has to find a way out otherwise a golden opportunity of unearthing black money after 50 years of Independence will be lost. more
Jan 23
TCS/Infosys should quickly develop a software for automated auditing and filtering. Final suspicious cases may be manually audited again. But software is or will be better than the CAs more
Dec 22
This really identifies the drill out of HIGHEST % OF BLACK MONEY . The also have enough Student auditors . more
Dec 22
