JURISPRUDENCE OF BLACK MONEY IN INDIA -Amudha Murthy & Agila Murthy INTRODUCTION So long, there was a perception which has been created that the Government’s response to address Black Money issue has been a piecemeal and inadequate. There is no doubt that manifestation of Black Money in social, economic and political space of our lives has a debilitating effect on the institutions of governance and conduct of public policy in the country . There is no particular definition for the term Black Money, it refers to the funds earned in the black market on which the income has not been disclosed nor have the taxes on the income not been paid. This wealth may
Today there are many companies that buy the Junk cars for cash long island. These companies buy all types and model of cars irrespective of their condition. They will buy any junk car for cash whether it is working or not. If a person wants some quick cash then selling the old and damaged Junk cars for
Not really. In the first place, we need to understand the meaning of black money. Black money is explained as money earned on which no income tax is paid to the government. In other words, there is no uniform or accepted definition of ‘black’ money. Several terms are in use – such as ‘black money’, ‘black income’, ‘dirty money’, ‘black wealth’, ‘underground wealth’, ‘black economy’, ‘parallel economy’, ‘shadow economy’, ‘underground’ or ‘unofficial’ economy.
In the state of Virginia, stolen property valued over $200 describes grand larceny. If convicted, a criminal guilty of petty theft may go to jail. However, a criminal convicted of grand larceny may receive prison time. Theft can also be divided into petty and grand thefts. Unlike larceny, theft includes many types of theft.
One of the most important aspects of the corporate sector is that there is a level playing field for all. Insider trading erodes the level playing field. It allows a select few to benefit greatly while others do not. Insider trading allows individuals to take advantage of information that is unavailable to the public to turn a profit. This tactic is not fair to the average investor or shareholder who does not have inside information and uses only publicly available information to make decisions about how to select investments that may be
M.C. Taylor stated the difficulty of gathering evidence on tax evasion in the following succinct words “It is only to be expected that evidence of income tax evasion, since it is an illegal activity is difficult to obtain in any Country. The Official’ Secrecy Act may also prevent an estimate of the extent of tax avoidance and evasion in Nigeria. Also in the United States, studies carried out on non-compliance indicate the general problems encountered in gathering statistics on tax evasion. Hence this problem should is not peculiar to
This depicts that Sherston is required to gain an extra $30,000 of funds to begin with their margin of profit. The product costs or the selling price has increased by 20 cents which results in a decrease of $20,000 of total profits in Part B when compared from part A. Sherston’s variable costs have increased by $0.10 which shows that the variable costs required to produce 100,000 units of bunches of bananas have increased by $10,000 whereas in terms of fixed costs, they have increased by $3000. This is quite a drastic increase in fixed costs. Referring to the statistics that have been pointed out in the two tables above and the impacts of change, I would state that the impacts that these changes would drop the profit of Sherston Banana Company drastically in Part B when compared to Part
1000.00 per share. You take into consideration that the maximum risk you can take on this investment is Rs.5000 or 5% of your investment. To manage this risk you need to a stop loss. Consider Rs.1000.00 as the market price of a share the maximum risk we can take is Rs.50 which is in accordance with the 5% risk we are willing to take. So you have that when the stock price hit Rs.
In simple words, Net Asset Value is the market value of the securities held by the scheme. Since market value of securities changes every day, NAV of a scheme also varies on day to day basis. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date. For example, if the market value of securities of a mutual fund scheme is Rs 200 lakhs and the mutual fund has issued 10 lakhs units of Rs. 10 each to the investors, then the NAV per unit of the fund is Rs.20.
For the pawnshop, this pawn reduces the risk to provide a loan to low-income tier, and monitoring is not necessary. Compared with banks, pawnshops do not impose as many documentary requirements before releasing cash to customers. Moreover, the latter are more accessible, as they may be found even in remote areas where banks do not operate. But despite the essential role these financial service providers play, pawnshops still suffer from a bad reputation of preying on middle- and low-income Filipinos. The perception remains that pawnshops have a tendency to take advantage of people in need of cash through profiteering, and that many of them are fly-by-night operators that steal pawned jewelry.