What is Hawala system?
4 Replies
CA-CWA RAVI
(CA-CWA in industry)
(5464 Points)
Replied 10 August 2010
system which enables the entry of black money into the business
CA Madhukiran Reddy
(CHARTERED ACCOUNTANT)
(12714 Points)
Replied 10 August 2010
I heard of hawala transactions some where it means converting black money into white money.
Kanchan M Mangaonkar
(Student)
(40 Points)
Replied 10 August 2010
But how? Please explain briefly. If possible give example.
CA Madhukiran Reddy
(CHARTERED ACCOUNTANT)
(12714 Points)
Replied 10 August 2010
| Originally posted by : Kanchan M Mangaonkar | ||
 |
But how? Please explain briefly. If possible give example. |
 |
I also dont know much about this, but i can say that the black money will be sent to certain persons who is there only for this purpose and they will send this money to abroad and from there amount will come as donations etc., .
Finally commision will be given to those persons who involve in this
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
