discuss Indian Black Money and Domains

[Samujjal]

Hi..am from India...and i will be going directly to the topic today.

There was a recent Demonitization/ban of ₹500 & ₹1000 (and issue of new trackable ₹2000 & ₹500 bills)to curb out the Black money from India...(and outside India too)
...its a National news now ...stiring the whole nation..and many are panacking with their shitload of black money.

They are trying to exchange the old currencies...and invest in Gold..Real Estate etc..but in vain.. (since they need to show the proof of their income..which they can't with the load of blackoney they have)

So my question is..

Will the people be able to evade tax...and invest on domains?? (Like China did)

...what will be the scenerio...if they tries to invest the black money to buy domains?


Any facts/data/information and discussion on the topic is welcomed.

The Indian Domainers are well accquainted with the situation..so any information on the topic would help.

Thank you..

 

[biggie]

wtf is black money?

call it what it is, "untraceable or unaccounted for income" that you can't spend without paying tax or facing penalty

imo....

 

[Samujjal]

wtf is black money?

call it what it is, "untraceable or unaccounted for income" that you can't spend without paying tax or facing penalty

imo....

Agree with you mate..in India people tend to term it as "Black Money"

 

[dnk]

Some domain investors in India are falsely accused of having black money without any proof at all, defamed, tortured, exploited and subjected to impersonation/identity theft fraud. All domain investment can be easily tracked.

 

[Samujjal]

Some domain investors in India are falsely accused of having black money without any proof at all, defamed, tortured, exploited and subjected to impersonation/identity theft fraud. All domain investment can be easily tracked.

Did you came across such situations?

 

[dnk]

India's largest female domain investor is being impersonated by 10 lazy greedy mediocre google, tata sponsored fraud R&AW/CBI/indian intelligence employees who are getting a monthly salary of Rs 20000 or more from the corrupt indian government for making fake claims of domain ownership. The real domain investor alone is spending her time and money on domain names, yet the shameless google, tata officials are falsely claiming that goan sex worker, cheater housewives, fraud indian intelligence employees, who have never invested a single penny on domain names own the domain names
You can find a lot of information online on google, tata sponsored goan sex worker R&AW employees sunaina chodnekar, siddhi mandrekar, fraud housewives naina, nayanshree hathwar, riddhi nayak, veena, ruchika and others , the indian government fails to investigate

 

[Samujjal]

India's largest female domain investor is being impersonated by 10 lazy greedy mediocre google, tata sponsored fraud R&AW/CBI/indian intelligence employees who are getting a monthly salary of Rs 20000 or more from the corrupt indian government for making fake claims of domain ownership. The real domain investor alone is spending her time and money on domain names, yet the shameless google, tata officials are falsely claiming that goan sex worker, cheater housewives, fraud indian intelligence employees, who have never invested a single penny on domain names own the domain names
You can find a lot of information online on google, tata sponsored goan sex worker R&AW employees sunaina chodnekar, siddhi mandrekar, fraud housewives naina, nayanshree hathwar, riddhi nayak, veena, ruchika and others , the indian government fails to investigate

Thanx for the interesting info mate

 

[deez007]

I'm not sure if black money refers to cold hard cash that people have that they can not go and deposit into the bank because they can not account for where the funds came from?

If this is the case then.... they could use localbitcoin.com... buy bitcoins and pay in cash. This would allow them to convert the money to untraceable, untaxable electronic currency.... assuming I am understanding what black money is correctly

 

[Samujjal]

I'm not sure if black money refers to cold hard cash that people have that they can not go and deposit into the bank because they can not account for where the funds came from?

If this is the case then.... they could use localbitcoin.com... buy bitcoins and pay in cash. This would allow them to convert the money to untraceable, untaxable electronic currency.... assuming I am understanding what black money is correctly

You are right in what you thought about "Black Money"...it's the unaccounted money.

N yep..the localbitcoins is a good method indeed..

 

[dnk]

Local bitcoin in India appears to be through bank transfer, no cash is involved