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!!! How people plan to convert Black ...

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Wellsfargo
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Posted on Thursday, November 10, 2016 - 12:03 pm:       


Last_avataar:

even rural bank branches of all nationalized banks?
do you say all the accounting info sync on daily basis with all branaches ?

then how come banking irregularities are happening when eitire system is real time and in sync ?




Yes Numbers are synced but decisions are not properly scrutinized. Sujana gaadu or malya gaadu remote villages lo banking irregularities cheyya ledu. Main branches of Nationalized banks in Hyd or bangalore lo jarigayi.
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 12:00 pm:       


Wellsfargo:




even rural bank branches of all nationalized banks?
do you say all the accounting info sync on daily basis with all branaches ?

then how come banking irregularities are happening when eitire system is real time and in sync ?
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:57 am:       


Last_avataar:

Oh sorry i donot know what is bank. with that can you please explain how biggies are getting away large loans and getting away with it ? are you telling all banks are seemlessly connected and EOB records are syned with HO on daily basis and cannot be tampered ?

what if a bank whose operation on manual in rural area, can open account back dates and deposit money backdated

this can only be check mated if bank has already submitted its EOB transactions to its head office




ee kalam lo unnaru. 2011 ke all commercial banks are connected to central system.
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:56 am:       


Bunty717:

kaani cash withdrawl restrictions valla ibbandi padutunnaru janam..


adi artham avvali antey aa situation lo vundali
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:53 am:       


Wellsfargo:

I handled my sister's wedding in 2012 with complete white money except small petty cash nothing more. Yes chala chotla service tax, vat kattalsi vacchindi.


nen chepedi kudaa white money nee.. kaani cash withdrawl restrictions valla ibbandi padutunnaru janam..
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 11:52 am:       


Manthri:




Oh sorry i donot know what is bank. with that can you please explain how biggies are getting away large loans and getting away with it ? are you telling all banks are seemlessly connected and EOB records are syned with HO on daily basis and cannot be tampered ?

what if a bank whose operation on manual in rural area, can open account back dates and deposit money backdated

this can only be check mated if bank has already submitted its EOB transactions to its head office
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:49 am:       


Bunty717:

meshaaru adi US kaadu pratidi card transactin ki.. desam lo marriageee antee lachaa panulu lachaa karchulu.. hands lo cash lekapothe telustaadi..




ide maruthadi. marali kooda. I handled my sister's wedding in 2012 with complete white money except small petty cash nothing more. Yes chala chotla service tax, vat kattalsi vacchindi.
 

Chirutha_puli
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Posted on Thursday, November 10, 2016 - 11:45 am:       

this move by modi is partially check mate for black money..
This immediate move will affect the following people.
1.Politicians who usually keep lot of money in black for next elections.
2.Builders usually keep black money for their next project.
3.corrupted employees who still keep some money in black after they invested in real estate.
4.Some people who run businesses like liquor shops etc..
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:44 am:       


Wellsfargo:

ee issue tarvatha cash teesu kovlante andaru venakadutharu. kalyana mandapam, catering, clothing,jewellery andaru cards, rtgs accept chestaru. chinna chitaka kharchulanni white lo ne cheyyocchu. mee uncle bhaya pade dani kanna, vendors inka ekkuva bhaya padatharu business pothundani. evvadu isthadu aa vendors ki cash lo. Literally no one. assalu worry avvakkarledu




meshaaru adi US kaadu pratidi card transactin ki.. desam lo marriageee antee lachaa panulu lachaa karchulu.. hands lo cash lekapothe telustaadi..
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:34 am:       


Biriyani:

a parties anni ippudu white accept chesthe they have to pay taxes..so obviously they demand more money than what they quoted initially...




Vallaki black lo icchedi evvadu. andaru white ee. edo andaru black lo icchi, uncle okkalle white lo ivvalante issue kaani
 

Chandhra
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Posted on Thursday, November 10, 2016 - 11:32 am:       

Tax calculation
http://i.imgur.com/HYiuttT.jpg
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:31 am:       


Inquisitive:

Ee cash exchange maa sammelana ki only poor people invited aa media or inquisitive bloggers with cell phone cameras kooda invited aa? Will all the poor people take an oath not to reveal the location where the mega exchange is set to happen?





eti sattireaa,was talking of possibilities intolerance

dec 30 was too long ani kahoo,rest nee tadika
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:30 am:       


Biriyani:

ade annai...edo ala 102 intervies lo cheppadam kakunda...media dwara extensive ga publicize cheyyalsudi appude...edo thu thu mantram type lo wwarning icchadu..manollu lite theesukuni ippudu book ayyaru




chesadu. janalu pattinchukoledu
https://www.youtube.com/watch?v=JdS3_P-CuR4
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:29 am:       


Wellsfargo:

Literally no one. assalu worry avvakkarledu




a parties anni ippudu white accept chesthe they have to pay taxes..so obviously they demand more money than what they quoted initially...
Please reach out to me for Pulihora recipe!!
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:27 am:       


Manthri:

Not sure, if you really understand Banking & Accounting




asalu straight in person 2 lac deposits ke original Id proof adigi mana banks OA chesthunnayanta...though govt said no id proof required for less than 2 lac deposit ani..

inka managers..back dates cheques..reality lo velli face chesthe thappa teliyavu how difficult it is ani
Please reach out to me for Pulihora recipe!!
 

Inquisitive
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Posted on Thursday, November 10, 2016 - 11:26 am:       


Junior_no1:

say there is 1700000000000 crores of black money,ee amount /500 sesthey 35crores population,nenu seppina unorganised and bpl min 50 cr vuntaru,talaki 500 issi meeku 100 commission isthe meeru marhcukuni randi ani amount distribute sesthey easy ga white ayipodhi



Ee cash exchange maa sammelana ki only poor people invited aa media or inquisitive bloggers with cell phone cameras kooda invited aa? Will all the poor people take an oath not to reveal the location where the mega exchange is set to happen?
"Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:26 am:       


Bunty717:

maa cousin marraigee undi dec lo.. maa uncle ki full tension.. marriage ettukoni cash hands lo lekudnaaa elaa manage cheyaali ani..




enduku. ee issue tarvatha cash teesu kovlante andaru venakadutharu. kalyana mandapam, catering, clothing,jewellery andaru cards, rtgs accept chestaru. chinna chitaka kharchulanni white lo ne cheyyocchu. mee uncle bhaya pade dani kanna, vendors inka ekkuva bhaya padatharu business pothundani. evvadu isthadu aa vendors ki cash lo. Literally no one. assalu worry avvakkarledu
 

Saarang
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Posted on Thursday, November 10, 2016 - 11:25 am:       


Bunty717:


ee 200% fine baguledu.. inta short notice ichi ee fines kuda baguledu..

more than 2.5 lks deposit cheste source chupinchaali n tax pay cheyaali varuku bagundi..




Aa 40% voluntary discloure scheme ki idhi good time...may be they should do it at 50% tax to reward people that used it before knowing this. Ippudu people will do desperae binami transactions that will be hard to track, even if they do it will take years...IT department vallaki 2000 Rupee notes festival.

I think most people that are hoarding will some how get around this in 50 days.
 

Manthri
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Posted on Thursday, November 10, 2016 - 11:24 am:       


Last_avataar:

- people depositing money in rural areas in separate account with the help of managers, back dating deposits



Not sure, if you really understand Banking & Accounting
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:24 am:       


Biriyani:

200% fine make sense annai especially when govt already gave one life line to announce your black before sep 30..but manollu lite theesukunnaru..


anta strict ga evaru follow avutaaru vunkul..
 

Inquisitive
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Posted on Thursday, November 10, 2016 - 11:23 am:       


Last_avataar:

Suitecase companies shows 80 creores as loan taken on short term



If you were IT officer, wouldn't you have even a slight curiousity to find out who gave 80 crores loan in 500 and 1000 notes? Ante koncham kooda interest choopinchava? Assalu adagava?
"Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:23 am:       


Bunty717:

maa cousin marraigee undi dec lo.. maa uncle ki full tension.. marriage ettukoni cash hands lo lekudnaaa elaa manage cheyaali ani..




yeah...practicle situation lo unte thappa teliyavu manaku ilantivi..asalu ela manage chetharu papam..

poni eyana white iddam anukunna...avatha theesukone vaadu restrictions ela untayo..as they also have to pay taxes..they may demand more...
Please reach out to me for Pulihora recipe!!
 

Inquisitive
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Posted on Thursday, November 10, 2016 - 11:22 am:       


Last_avataar:

People changing 500 for 400, 1000 for 800



1. How much amount are they changing at 20% discount? If it is a large amount what will the person who accepts 1000 notes do? Will he deposit in his account and pay 98% tax next year after receiving IT notices?
2. Are bank managers hacking centralized servers of their banks to back date deposits in central records? Or did they sit in a time machine and go back 25 years when they used to maintain records in registers in their branch itself?
3. Suit case companies bank accounts lo entha cash deposit chesina no questions ani Modi announced aa?
"Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:22 am:       


Bunty717:

maa cousin marraigee undi dec lo.


antha settle avudhi vunkle no worries,now every vendor/business will have a swiping machine,24/7 vegetable nundi pala packets daka medalo swiping machines eskoni tiruguthar,cashless India lol
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:21 am:       


Wellsfargo:

hindustan times interview lo modi chepparu. wilful or unwilful concealment of income will not be questioned, revealed.so go ahead and reveal annaru. ippudu cheyyaka pothe drastic steps untayi annaru.




ade annai...edo ala 102 intervies lo cheppadam kakunda...media dwara extensive ga publicize cheyyalsudi appude...edo thu thu mantram type lo wwarning icchadu..manollu lite theesukuni ippudu book ayyaru
Please reach out to me for Pulihora recipe!!
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:20 am:       


Biriyani:

withdrawl limit temporary annai..they wil increase it soon..

but govt should have carried out awareness programs..ippudu andaru panic mode lo unnaru....

panic mode thaggattu...govt is announcing new things like banks working on weeks ends..etc...ivi annai mundu chesi seminars..tv ads etc...dwara middle class people nu educate cheyyalinsi




maa cousin marraigee undi dec lo.. maa uncle ki full tension.. marriage ettukoni cash hands lo lekudnaaa elaa manage cheyaali ani..
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:20 am:       


Bunty717:

ee 200% fine baguledu.. inta short notice ichi ee fines kuda baguledu..

more than 2.5 lks deposit cheste source chupinchaali n tax pay cheyaali varuku bagundi..




200% fine make sense annai especially when govt already gave one life line to announce your black before sep 30..but manollu lite theesukunnaru..

may be govt should have strictly warned of the consequences before sep itself...
Please reach out to me for Pulihora recipe!!
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:19 am:       


Bunty717:

vizag lo announce chesina roju night gold shops anni morning varuku open cheseru antaa kadaan ijamenaa.. and marwaris cash ichi fulll ga gold shopping anta kadaa aa roju..


fortunatelu am not in vizag,even i got some bumper appers but i rejected them outright
 

Monk
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Posted on Thursday, November 10, 2016 - 11:19 am:       


Last_avataar:




anni modi thatha ki oo tweet kottu repu morning kall anni holes musesthadu
Tracking vunna chota week tracking leni chota stronge……….
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:18 am:       


Bunty717:

ee 200% fine baguledu.. inta short notice ichi ee fines kuda baguledu..




short notice enti. voluntary disclosure scheme kinda mee degggara unna black money antha declare cheseyyandi 45% tax ki ani annaru kada. July 1 nundi sep 30 daka time iccharu. sep 1 hindustan times interview lo modi chepparu. wilful or unwilful concealment of income will not be questioned, revealed.so go ahead and reveal annaru. ippudu cheyyaka pothe drastic steps untayi annaru.
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:18 am:       


Saarang:

agri income ante kooda peddaga emi cheyyaleru


rs 500 teesukelthey emi heekutharu

exchange limit per head is 4k,if the party takes this 4k for exchange he gets 800 commission which is his 2 days earning assuming he is a daily wage labor
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:17 am:       


Bunty717:

okati maatram nijam desam lo middle class lo chaala confusion undi paapam..

and week ki 2k cash withdrawl okkati bongulaa undi..


cancelling 500 and 1k currecy is keeka ..




withdrawl limit temporary annai..they wil increase it soon..

but govt should have carried out awareness programs..ippudu andaru panic mode lo unnaru....

panic mode thaggattu...govt is announcing new things like banks working on weeks ends..etc...ivi annai mundu chesi seminars..tv ads etc...dwara middle class people nu educate cheyyalinsi
Please reach out to me for Pulihora recipe!!
 

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Posted on Thursday, November 10, 2016 - 11:17 am:       


Bunty717:

ee 200% fine baguledu.. inta short notice ichi ee fines kuda baguledu..




munday rajas lekka convert chesukondi ani offer ichaaru kada? why not converted?
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:16 am:       


Junior_no1:

asalu 250000 kanna amount testhey mottam ash budida ani seppali



idi konchem vover ayindi..

ekkuva middle class vallu dorikipotaaru.. as vallaki loopholes teliyavu..

vizag lo announce chesina roju night gold shops anni morning varuku open cheseru antaa kadaan ijamenaa.. and marwaris cash ichi fulll ga gold shopping anta kadaa aa roju..
 

Biriyani
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Posted on Thursday, November 10, 2016 - 11:15 am:       


Mahesh_fan:

monna 40% ki offer echadu kadha epudu 50%.




bigger fish should have declared their black before sep 30 itself..they missed the boat..andari politicians lane anukunnaru modi ni

but 2 lacs kakunda at least 15-20 lacs varaku exemption icchi middleclass nu pacify cheyyalsindi
Please reach out to me for Pulihora recipe!!
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:15 am:       

okati maatram nijam desam lo middle class lo chaala confusion undi paapam..

and week ki 2k cash withdrawl okkati bongulaa undi..


cancelling 500 and 1k currecy is keeka ..
 

Saarang
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Posted on Thursday, November 10, 2016 - 11:14 am:       


Junior_no1:

India has major chunk of unorganised labor and bpl people,

say there is 1700000000000 crores of black money,ee amount /500 sesthey 35crores population,nenu seppina unorganised and bpl min 50 cr vuntaru,talaki 500 issi meeku 100 commission isthe meeru marhcukuni randi ani amount distribute sesthey easy ga white ayipodhi

rs 500/per head lol,pethi vodi daggara 500 note okkataina vuntadi,limit given is 250000,date given is dec 30,2016

only way we can control black money is keep on eye on big bags and tranposrt vehicles,IT raids valla no use




ee 50 days lo lot of black money hoarders will do this...agri income ante kooda peddaga emi cheyyaleru
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:14 am:       


Bunty717:

ee 200% fine baguledu.. inta short notice ichi ee fines kuda baguledu..


asalu 250000 kanna amount testhey mottam ash budida ani seppali
 

Bunty717
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Posted on Thursday, November 10, 2016 - 11:13 am:       

ee 200% fine baguledu.. inta short notice ichi ee fines kuda baguledu..

more than 2.5 lks deposit cheste source chupinchaali n tax pay cheyaali varuku bagundi..
 

Bluelagoon
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Posted on Thursday, November 10, 2016 - 11:12 am:       

50 lakhs lo 40 lakhs or 45 lakhs tax gaa pothondhi gaa ante almost poyinatte gaa
 

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Posted on Thursday, November 10, 2016 - 11:10 am:       

he is telling TAX AMOUNT PLUS PENALTY OF 200% on tax amountANTE for eg 50 lakhs ki tax 15 lakhs ayiteh now 15 lakhs plus 30 lakhs ante total 45 lakhs kattali
 

Wellsfargo
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Posted on Thursday, November 10, 2016 - 11:07 am:       


Last_avataar:

4. Suitecase companies shows 80 creores as loan taken on short term, and deposite in thier banks which should not




companies can't take loan from anybody other than share holders and directors or registered financial institutions. These people shouldn't borrow from anywhere else to supply these funds. they should not even take this money as a loan on their fixed deposits too.

also no single transaction in cash can be more than Rs.20,000.
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:07 am:       


Bluelagoon:

now i got it

50 lakhs cash ki 15 lakhs tax undhi

double ante 30 lakhs pay seyyali

50 lo 30 ante 60% u lose


mottam teeseskovali,ee tax and penalities endi sillyga
 

Bluelagoon
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Posted on Thursday, November 10, 2016 - 11:06 am:       

now i got it

50 lakhs cash ki 15 lakhs tax undhi

double ante 30 lakhs pay seyyali

50 lo 30 ante 60% u lose
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 11:03 am:       


Biriyani:

still 30 lo 20 ante huge dent kadaa.


adi bilak and white convert sesindi oka one year thappithey aa loss amount recovered,adiki poyedi emi ledu
 

Mahesh_fan
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Posted on Thursday, November 10, 2016 - 11:01 am:       


Biriyani:

but penalty of 200% will be on the taxes i think...so they may loose 50% of money..which is still huge...



monna 40% ki offer echadu kadha epudu 50%. 10% fine increase iendhi .. epudu antha white tho pandaga chesukovachu royal ga..
 

Biriyani
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Posted on Thursday, November 10, 2016 - 10:55 am:       


Last_avataar:

no if you have 30 lakhs unaccounted income

and the tax is 10 lakhs, you need to pay 20 lakhs and walk out with 10 lakhs




yeah..this makes sense...still 30 lo 20 ante huge dent kadaa...biz people ku lanchalu theesukunan govt employees ku raktha kannere...
Please reach out to me for Pulihora recipe!!
 

Biriyani
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Posted on Thursday, November 10, 2016 - 10:53 am:       


Bluelagoon:

penalty is 200% ata

ante 30 lks deposit ecsthey 60 lakhs penalty

thagalesukovatam better emo




how can it be..naaku details teliyavu..

but penalty of 200% will be on the taxes i think...so they may loose 50% of money..which is still huge...
Please reach out to me for Pulihora recipe!!
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 10:52 am:       

India has major chunk of unorganised labor and bpl people,

say there is 1700000000000 crores of black money,ee amount /500 sesthey 35crores population,nenu seppina unorganised and bpl min 50 cr vuntaru,talaki 500 issi meeku 100 commission isthe meeru marhcukuni randi ani amount distribute sesthey easy ga white ayipodhi

rs 500/per head lol,pethi vodi daggara 500 note okkataina vuntadi,limit given is 250000,date given is dec 30,2016

only way we can control black money is keep on eye on big bags and tranposrt vehicles,IT raids valla no use
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:51 am:       


Bluelagoon:




no if you have 30 lakhs unaccounted income

and the tax is 10 lakhs, you need to pay 20 lakhs and walk out with 10 lakhs
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:50 am:       

I belive all people should surrender and pay taxes 200% to make it white instead of encouraging mafia.

- Govt should next put max limit on cash transactions
- enforce bank to maintain bank transactions electronically, even rural.
- with immediate effect all banks to start sending deposits of all higher denominations to main branch with recorder proof on daily basis
- Gold jewelry, diamond purchase restrictions
- audit of public listed companies and terminate all scrupulous ones
- make it a mandate that every 5 years they redo this activity
 

Bluelagoon
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Posted on Thursday, November 10, 2016 - 10:49 am:       

work out avvakapothe will just go and deposit in bank and face the penalty if needed annattu chepparu... //

penalty is 200% ata

ante 30 lks deposit ecsthey 60 lakhs penalty

thagalesukovatam better emo
 

Shikari
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Posted on Thursday, November 10, 2016 - 10:44 am:       


Bushu:

Ambedkar recommended 10 yrs.


idhi implement chesthe 90% hoarding cash anedhi pothundhi..ofcourse,dollars,gold,RE etc meeda kuda check pettali at the same time.
http://i.imgur.com/eUYcc.gif
 

Biriyani
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Posted on Thursday, November 10, 2016 - 10:43 am:       

maa babais alloy business lo unnaru..chalaa black undi...we are trying to find ways to convert it to white annaru...work out avvakapothe will just go and deposit in bank and face the penalty if needed annattu chepparu...

future lo proper ga tax pay cheyyali ani mental ga fix ayyam..but we are all worrying abouth the existing black and how to escape with minimal loss annattu chepparu
Please reach out to me for Pulihora recipe!!
 

Dreamcatcher
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Posted on Thursday, November 10, 2016 - 10:41 am:       


Last_avataar:

Dream catcher, in theory Govt can do all. But is it willing to do ? or is it willingly letting black money to come out to some extent and leave the loopwhole becuase it cannot address all the channels

Company ABC opened in calcutta ,that provide some consulting services on May 1st year 2016. it has multiple bank account in various banks with some Initial Min deposit. its is operated by mafia in the back ground. they start showing income on their books deposited good amount of money before the ban for example. now they can show their books they have taken loan from some big shot (indirectly from xyz companies of their own) with some interest or provided some consulting services in the past
in both cases they can taken that money deposit in various bank accounts. Income received is shows on the books, along with loans , use auditors to make sure tax is as minimum. finally pay the loan back to big shot. show losses to the company . They show the money paid back to xyz company. close xyz company before filing taxes. close abc.

Now they can operate many comanies like this. how can govt really can control this

The only way is to tap biggies and track , but it is highly unlikely




Precisely you are describing the scheme close to or near identical of what Jagan orchestrated. If one were to follow money traces completely, you can pull everything out. Now, does govt. have resources and time to do this all the time? That is definitely questionable.

Coming to goal of this scheme, it is to get money out. Even if 20 crores out of 100 crores comes out, that is better than that 20 crores not coming out. Let's hope for the best.
 

Amigo
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Posted on Thursday, November 10, 2016 - 10:40 am:       


Bushu:

Ambedkar recommended 10 yrs. of course, you need strong political will to do it. we won't see a Modi ever so often. he knew that his biggest supporters, baniyaas and small traders will be the most impacted. aina, he took the step. bravo!!!




No doubt great job Modi!
Some people may have inconveniences but for the greater good we need to try this out and see the benefits
 

Saint
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Posted on Thursday, November 10, 2016 - 10:40 am:       


Mental_sachinodu:


baked dated deposits track cheyalera... maree septhaaru meshaaru.. first of all, if a rural bank gets high deposits all of sudden that itself will be a red flag.


maree antha common sense ledu anukuntunnara govt ki? It might take time to mine the data but eventually they can catch abnormal ppl..!
anything above 50k u must have PAN card attached to ur account...entoo mee comedies..

system lo vunna 14L crores ippudu deposits roopam loki back ki ravali..! andulo 1/3 banks lo vundi anukunna, 9-10L crores back ki ravali....India lo vunna families/bank accounts ki distribute chesina kooda each family would have to deposit approx 1L rupees...indulo poor ppl/beggars/all sorts of ppl vunnaru...antha vesy kaadu!!
 

Rangoon
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Posted on Thursday, November 10, 2016 - 10:39 am:       

logic is around 15000 millians with 500 notes circulating.

if all will come back to banks. so it is in white form. if tax unpaid now they ask to beyond 250000 thosands. any how government get back some money.

if what ever amount didnit return that much amount goverment got freely with this effort.

i still believe sufferers are hard earned people. all looters nows how to make white
 

Junior_no1
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Posted on Thursday, November 10, 2016 - 10:38 am:       


Hotmail:

Next step is gold declaration in few months lo.


gold ornaments ki tracking chips edathada ade declared vatiki
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:35 am:       


Dreamcatcher:




Dream catcher, in theory Govt can do all. But is it willing to do ? or is it willingly letting black money to come out to some extent and leave the loopwhole becuase it cannot address all the channels

Company ABC opened in calcutta ,that provide some consulting services on May 1st year 2016. it has multiple bank account in various banks with some Initial Min deposit. its is operated by mafia in the back ground. they start showing income on their books deposited good amount of money before the ban for example. now they can show their books they have taken loan from some big shot (indirectly from xyz companies of their own) with some interest or provided some consulting services in the past
in both cases they can taken that money deposit in various bank accounts. Income received is shows on the books, along with loans , use auditors to make sure tax is as minimum. finally pay the loan back to big shot. show losses to the company . They show the money paid back to xyz company. close xyz company before filing taxes. close abc.

Now they can operate many comanies like this. how can govt really can control this

The only way is to tap biggies and track , but it is highly unlikely
 

Bushu
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Posted on Thursday, November 10, 2016 - 10:27 am:       


Amigo:

yes they can repeat the procedure every 5 years if deemed necessary




Ambedkar recommended 10 yrs. of course, you need strong political will to do it. we won't see a Modi ever so often. he knew that his biggest supporters, baniyaas and small traders will be the most impacted. aina, he took the step. bravo!!!
 

Hotmail
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Posted on Thursday, November 10, 2016 - 10:26 am:       


Last_avataar:

Also heard lot of people bought gold at high rates ? Govt could not do any ? they could not stop jewelry shops from accepting black money ? can they audit all those folks on Nov 8th night who bought ?





Next step is gold declaration in few months lo. dhani kuda bayataki tesukoni vastharu..
Puli ni chusi nakka vaatha lu pettukonnatu 1983 Elections result chusi 2009 lo andharivadu.
Prema lakshyam dabbu ee maargam.

Kapu Nayakudu Chiranjeevi..
 

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Posted on Thursday, November 10, 2016 - 10:26 am:       


Last_avataar:

Also heard lot of people bought gold at high rates ?




Assume I have gold, why would I sell it to you for your black money, even at higher prices? How am I going to convert your black into my white?


Last_avataar:

Govt could not do any ? they could not stop jewelry shops from accepting black money ?




There are lot of restrictions on gold purchases already. Any gold/jewelry purchase over a certain amount, you have to provide pan card, bank account info, etc. I am telling from personal experience, it is not that easy.
 

Amigo
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Posted on Thursday, November 10, 2016 - 10:25 am:       


Bushu:


brother, some txns will need larger notes. aina 2000 ani cheppedhi carrot for the stick being used. controlled ga release jesi manage jestharu. if it gets out of hand, 2000 ni kooda lepi dobbutham antadu.

this step is a strong signal to people to avoid hoarding cash. atla ani motham cash lepi dobbe scene ye desaniki inka raledhu.




yes they can repeat the procedure every 5 years if deemed necessary
 

Bushu
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Posted on Thursday, November 10, 2016 - 10:24 am:       


Last_avataar:

they could not stop jewelry shops from accepting black money ? can they audit all those folks on Nov 8th night who bought ?




80-20 rule brother. some will fall through the cracks. thappadhu. appreciate the indian jugaad mentality .. vinna ventaney fata fat planning jarigipoindhi. :D
 

Hotmail
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Posted on Thursday, November 10, 2016 - 10:24 am:       


Last_avataar:

but these people use poor people accounts recently opened to make small deposit like few lakhs

All these things can be investigated. But does govt has that bandwidth, time and money to do at individual account level




That is the reason govt asked people to link Aadhar cards for govt schemes.
Through that Aadhar they will find this fellow is poor and how come they have got money
Puli ni chusi nakka vaatha lu pettukonnatu 1983 Elections result chusi 2009 lo andharivadu.
Prema lakshyam dabbu ee maargam.

Kapu Nayakudu Chiranjeevi..
 

Bushu
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Posted on Thursday, November 10, 2016 - 10:23 am:       


Dreamcatcher:

maarandi ra rey.




manodaitheyyyyyyy ..... :D
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:21 am:       


Bushu:




yes i understand the motive behind the step. unless there is upper limit on cash transaction like above 3 laks only checks , dds, people are going to divert thier 2000's to save heavens they don't hoard

Also heard lot of people bought gold at high rates ? Govt could not do any ? they could not stop jewelry shops from accepting black money ? can they audit all those folks on Nov 8th night who bought ?
 

Dreamcatcher
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Posted on Thursday, November 10, 2016 - 10:19 am:       


Last_avataar:

what if company closes every year without filing taxes and reopen a new one




why wouldn't you file taxes even if you closed within a year? Trump gaadiki kooda vachi undadu ee idea..
 

Emc2
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Posted on Thursday, November 10, 2016 - 10:19 am:       


Dreamcatcher:




super ehe nuvvu

 

Dreamcatcher
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Posted on Thursday, November 10, 2016 - 10:17 am:       

meerey intha think cheyya galigithay, plan design chesinodu ivanni alochinchi undada? that mommies life...public want a great country with superb infra, great schools, nice hospitals, etc...but they don't want to pay for any of it. anni phukat la dobbeyyaala...maarandi ra rey.
 

Emc2
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Posted on Thursday, November 10, 2016 - 10:16 am:       


Bluelagoon:




sodi padam emundi, atleast counterfiet ayithe pothayi kada, next time nunchi money circulation lo untadi instead of hiding in bags
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:16 am:       


Mental_sachinodu:




track cheyyochu. but these people use poor people accounts recently opened to make small deposit like few lakhs

All these things can be investigated. But does govt has that bandwidth, time and money to do at individual account level
 

Bushu
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Posted on Thursday, November 10, 2016 - 10:15 am:       


Last_avataar:

1. re introducing 2000 notes , which is waste




brother, some txns will need larger notes. aina 2000 ani cheppedhi carrot for the stick being used. controlled ga release jesi manage jestharu. if it gets out of hand, 2000 ni kooda lepi dobbutham antadu.

this step is a strong signal to people to avoid hoarding cash. atla ani motham cash lepi dobbe scene ye desaniki inka raledhu.
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:14 am:       


Mr_masi:




what you said is right if investigation takes place
do you think Govt has the capacity and time ?

what if company closes every year without filing taxes and reopen a new one
 

Mental_sachinodu
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Posted on Thursday, November 10, 2016 - 10:13 am:       


Last_avataar:

where is the tab on rural bank managers
accepting baked dated deposits ?




baked dated deposits track cheyalera... maree septhaaru meshaaru.. first of all, if a rural bank gets high deposits all of sudden that itself will be a red flag.
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:12 am:       

where is the tab on rural bank managers
accepting baked dated deposits ?
 

Mr_masi
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Posted on Thursday, November 10, 2016 - 10:11 am:       

Bro, akkada ee financial decisions designed by Masters!! Not by chillara people..

Suit case companies have many smaller companies which on record shows lot of income, in reality no/.

Lot of income?? Taxable right?

Suitecase companies shows 80 creores as loan taken on short term, and deposite in thier banks which should not pose any issues now.

What is the Source of loan?? Who gave you??
 

Mental_sachinodu
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Posted on Thursday, November 10, 2016 - 10:10 am:       


Last_avataar:

2. suit case companies have many smaller companies which on record shows lot of income, in reality no/.



Last_avataar:

5. After some time they pay back the loan in white




high chance getting caught while doing this.
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:10 am:       

Modi left too many loopholes in the system , by letting the black money
flow back to system

1. re introducing 2000 notes , which is waste
2. not focused on hawala, mafia and suite case comany transactions

he left to many safe exists for the rich people and politicians who keep helping in elections

Good Move with Poor Implementation ani anipistondi
 

Bluelagoon
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Posted on Thursday, November 10, 2016 - 10:07 am:       

andhuke annanu idhi sodhi padhakam ani

permanent ban 1000 rs and 500 rs ayithe it would have serve the purpose
 

Last_avataar
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Posted on Thursday, November 10, 2016 - 10:04 am:       

Various types of news comming out, if true will dent what Modi wanted to Do good

- People changing 500 for 400, 1000 for 800
- people depositing money in rural areas in separate account with the help of managers, back dating deposits
- Suit case companies example

1.a person having 100 crs of black money is contacted by Mafia / suite case companies
2. suit case companies have many smaller companies which on record shows lot of income, in reality no/.
3. person with 100 crs black money agree to give 20%
4. Suitecase companies shows 80 creores as loan taken on short term, and deposite in thier banks which should not pose any issues now.
5. After some time they pay back the loan in white
6. deposit 20 crs as income

*** some places exchanging with gold and USD

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