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Note Ban Cannot Stop Future Black Money Flows

Note Ban Cannot Stop Future Black Money Flows

Wednesday, January 25, 2017, 6:43 PM

Demonetization may be able to wipe out the present stock of black money, which is held in cash, from the economy. However, demonetization cannot eliminate black money converted into gold and real estate. Industry body has recommended lowering stamp duty on property transactions, to tackle the menace of black money.
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