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How do people make black money

how do people make black money

All rights reserved. Businesses having black money have reportedly used old notes of Rs and 1, to pay advance salaries for anywhere between the next 3 to 8 months. Further investigation revealed these accounts had a common permanent account number PAN , address and contact numbers, and that it was a multi-level marketing scheme promising extraordinary returns.

How Pros Make Money Online

There is so much that can ho learned from other online bloggers and internet marketers, you may be wondering which way to turn next, but remember that these people were once in your shoes. Once upon a time they did not know where to go mqke their site, a long time ago they how do people make black money just starting out just like you are now possibly? This article should be fodder for your mind, maek a look at these other sites and get creative. Think about how they are structured, what sort of content they use and how they speak to their readers. A lot of the time just looking at other examples can really resonate inside you and make for an interesting development on your own. There really is nothing like biting into a juicy, successful website and taking away the best bits for you to chew on. Look at how these sites monetize things, do they use banners, affiliate links or paid surveys?

Six ways in which black money is created

how do people make black money
Their parents have a legitimate job, but their financial priorities are very warped. Most of their money goes into buying clothes, haircuts, cars, customizing them, and usually they try to cheat on their taxes or housing maintenance to pay for it all. They, or their family, are involved in criminal activity or drugs. Again, they aren’t bright with their money management and can’t ever get out of crime into a legitimate business. They believe education and legitimate enterprise are the domain of white people. That is absolutely stupid, but that is how they think.

‘To inspire you and to make you realize there’s so much opportunity out there’

STEP 2: Investors deposit cash or cheques in bank accounts floated by the firm. Using professional money laundering firms. The sellers in both examples have earned money from legal sources but evaded taxes. The level of regulation of such how do people make black money differs from state to state. However, income tax authorities say this may not be legally possible. As the poor stand in queues at banks to exchange their currency notes, there are reports of them being used to convert black money into white. Many black money converters show they generated income like agriculture income. Traditionally, goods exported and imported were either priced lower or higher to enable money laundering. Owners of black money have reportedly been able to get various FDs in such institutions in names of various villagers in back dates, and will receive new currency notes in due course, blacck paying a peopoe to those mame whose name they deposited the money. If you find anyone doing illegal ways, you may contact to Income Tax Department. The same happens on the credit .

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