It’s been more than 2 weeks into demonetization of Rs 500 and Rs 1000 notes. People who have earned money and skipped taxes are only talking about how to convert their black money to white. We have discovered 10 ways with which you can change your black money to white based on discussions I had with various entrepreneurs and other business communities.
Hire the auditors of Satyam Computer Services scam. Pay them whatever money they want and relax your stay during demonetization effect.
Start a political party and very intelligently deposit all your cash multiple times over the period of time without flagging IT.
Become friends with a loss making company and deposit that money into that account and show it as revenue. Later transfer it back to your account in due course of time.
Government is allowing 2.5 lakhs tax free deposit. Use this as a loop hole to deposit your money into multiple accounts of your associates. Later transfer than amount back into your account or withdraw and stack that cash.
Sell your existing property and do a back dated registration if you know the registrar.
Find brokers outside banks who can exchange your currency for a commission.
Buy a new car and covert your money into a depreciating asset.
Buy gold and other jewellery. You will make your wife happy and you can get rid of your black money.
Buy a property ASAP. Bribe the registrar and do a back dated registration.
Deposit all your cash in your bank account. Get harassed by IT and pay 200% penalty.
Well these are few tips being discussed in every serious demonetization conversation. We are not supporting any of these statements. If you have lot of black money, we suggest you to pay taxes and stay relived. Help Narendra Modi with the demonetization effect and we will see India on par with other developed countries very soon. Read more Top 10 Lists.