How to Stop Property Scam and increasing Black Money in a county like India?
The people of our country is more worried about the Black money bundling up in the hands of rich business class and politicians. The so called rich fools deposit such black money in other countries bank account. Which will make our country poorer day by day. The Government May take the following steps to stop black money: 1. Centralised Invoicing System for all the Corporate and Non Corporate Body's. 2. Centralised Income Tax Assessment verification System. 3. The Government should fix the market price for sale of properties: a. There should not be a difference in market price and the government price for properties. This will help us to avoid black money transaction for the differential amount of market price and the Government price. Hence, the government can generate more revenue through tax collection. b. We should develop a Computerized System for all the properties. And the purchase and sale of properties should be done through that system using PAN as identification number for tracking the properties held by individual, organizations and corporate bodies. c. We should fix the maximum value and acres of land that can be held by an individual, organization or company. Check the below link: http://taxguru.in/finance/swiss-bank-revealed-indian-have-more-money-then-re st-of-the-world.html Worried Indian. -- You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/skorydovmytaxassistant?hl=en.
