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> So these people pay everything in cash. In India, those numbers would probably be much higher than in most other parts of the world. The Indian government l
by 0xmohit 10y ago
> So these people pay everything in cash.
In India, those numbers would probably be much higher than in most other parts of the world.
The Indian government launched a scheme called Income Declaration Scheme 2016 [0] so that people could declare their undisclosed income.
It was recently followed by a notification [1] stating that taxes resulting from such declarations could be paid in cash.
[0] https://en.wikipedia.org/wiki/Income_declaration_scheme%2C_2016 https://en.wikipedia.org/wiki/Income_declaration_scheme%2C_2...
[1] https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT623376E870A47D491C98D180AD41804017.PDF https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT623376E...