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Hidden facts about the black money
-Abbhirami
Estimation of its availability is only approximations, when
it comes to black money . According to NIPFP, National Institute of Public
Finance and Policy, a quarter is enough to raise India's GDP. The reports
revels that the source of black money are –the mining business, property transactions, private
education and government subsidies. It is primary to take effective steps to
stop this. Taxation polices are to be reviewed and amended if necessary. Hard
and fast rules are to be step up to curb these. It must be made mandatory to
show their income tax reports properly to the government and it must tighten
its system and process.
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