Can anyone tell me how to do Money Laundering? Various ways of money laundering?
U can send me mail also
sagar.jaihind @ gmail.com
Waiting for ur replies frends.....
Thank You
5 Replies
Prateek
(Student)
(113 Points)
Replied 01 October 2014
You want to DO money laundering? Its a form of corruption. It involves various processes whereby black money is brought in the financial stream of the market. It includes all sorts of illegal activities.
Mihir
(Wealth Manager)
(5293 Points)
Replied 01 October 2014
Un-taxed income, usually in cash, or black money, is made legal. The idea is to bring in the black money into the financial system in a way that goes undetected from the income tax dept.
(Guest)
Read this.
Attached File : 149116 1370538 arvind giriraj and prashant kumar mishra money laundering.pdf downloaded: 419 times
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 02 October 2014
It means..where someone who has made money unlawfully Nd tries to launder it say through someones business so it looks like it is there money but really it is not... Nd it is hard for police/Incometax dept to trace it....OfCoz... money laundering is itself highly illegal, Nd many criminals hve been prosecuted for it. It's often possible to prosecute organized criminals for money laundering, tax evasion.!
CA Saagar K
(student)
(250 Points)
Replied 04 October 2014
Friends thnx for replying,
I know what is money laundering.......... I want to know various ways of money laundering................
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
