Black Money Counterfeits and Demonetisation By T P Ghosh

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General Information:
  • ISBN Number: 9789386482518
  • Number of Pages: 284
  • Edition: 2017 Edition
  • 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