The Income Tax Department BY NO MEANS asks on your PIN numbers, passwords or comparable entry information for bank cards, banks or other monetary accounts by means of e-mail. Apart from, there are not less than a hundred cases of older accounts held by Indians, which might have been closed before 2018, for which Switzerland is within the process of sharing particulars with India beneath an earlier framework of mutual administrative help as Indian authorities had provided prima facie evidence of tax-associated wrongdoings by these account holders.
The notices have been sent beneath the provisions of the 2015 Black Cash Act. The Paper gives an overview of how manipulation of economic information and accounting strategies are used to generate black cash. Sukanta Sarkar (2010) conducted a examine on The Parallel Economic system in India: Causes, Impacts & Authorities Initiatives”.
A cashless financial system is the specified state in lots of countries all over the world. Till just lately bitcoins have been also thou...
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