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Money laundering or hawala - a must read

30 October 2015

hello everyone... I want to know how is money laundering or hawala done in present market ..what are its consequences .. how does it effects our accounts and taxation .... what are the accounting entries they pass for it ....

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9 Replies

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 30 October 2015

No entries passed in books.. Its all black market is there...!!

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(Guest)

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 30 October 2015

Everybody has the right to ask his or her doubt... you dont have right to say it a funny question buddy....!!

dont mind...

(Guest)

yeah yeah ofcourse...i wasnt laughing at his question...i respect his doubt sir...i am sorry if it felt negative

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 30 October 2015

The way you answered was not good.. anywz its ok buddy...!! Stay smiling

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Subho Banerjee (114 Points)
Replied 30 October 2015

What is the answer .. How they do money laundering .... this was my question ...I have to write on money laundering topic ... how the work is carried on ..what are the consequences ....