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Or quickly buy real estate/gold/farm land above market value. The seller declares the money and pays the tax, the buyer successfully legalized it.
by dx034 10y ago
Or quickly buy real estate/gold/farm land above market value. The seller declares the money and pays the tax, the buyer successfully legalized it.
- Scirra_Tom 10y agoA lot of that will probably be subject to corporation tax. Government still gets a nice boost.
- dx034 10y agoDefinitely! I don't doubt that and like the move. But I don't think anyone will be charged with corruption or tax evasion because of it. But I'm not from India, so pure speculation.
- leafee 10y agoNot so easy. If I buy something for $1 million, I'm going to have to account for the source of that money.
- sudhirj 10y agoNope. When the seller deposits the money, they'll have to declare sources, including the PAN number of the buyer.