Black Money Counterfeits and Demonetisation By T P Ghosh
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General Information:
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ISBN Number: 9789386482518
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Number of Pages: 284
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Edition: 2017 Edition
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Useful For: students and professionals
T P Ghosh
Degree: M.Com, Ph.d, FCA, FICWA
Dr. T.P.Ghosh was Director of Studies in the Institute of Chartered Accountants of India ( 2004-06). He was a member of the J.J. Irani Committee (2004-05) constituted for the Simplification of the Company law in India. He was a Professor in Management Development Institute, Gurgoan and Burdwan University, West Bengal.
He is a fellow member of the Institute of Chartered Accountants of India, and Institute of Cost Accountants of India. He is a Gold Medalist from Burdwan University.
About the Book
This book is about the ubiquitous influence of corruption and tax evasion on accumulation of black money in India and menace of counterfeits in terrorist funding which accentuated Demonetisation 2016 in India. Scrolling through historical perspectives of demonetisation, it explores deficient administrative and legal framework in which black money grew and flourished including unsatisfactory outcome. It also reviewed efficient remonetisation process including participation of public at large in the war against black money ignoring difficulties of cash shortage, post-demonetisation public support and economic consequence of demonetisation.
HIGHLIGHTS
Low Tax Base and tax GDP ratio
Correlation between Low Tax base and Corruption Perception Index
Role of Governmental agencies
Lokpal and Lokayuktas
Jan Dhan account as vehicle of conversion of black money
Enquiry Commissions in India
Trade based money laundering
Hawala Transactions
Comparative Currency GDP Ratio
Fraud Loans in India Public Sector Banks
Voluntary Disclosure Schemes
Level of cash transactions across selected countries
Amendments of DTAAs with Mauritius, Singapore and Cyprus
Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Taxation Laws (Second Amendment) Act, 2016
Benami Transaction (Prohibition) Amendment Act, 2016
Developments in Prevention of Corruption Act
Improvement in concurrent audit of banks
Operation clean money