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Without incrimination yourself, please describe instances where "Unreported Cash Based" transactions could happen in our local...

Without incrimination yourself, please describe instances where "Unreported Cash Based" transactions could happen in our local or even national company. Then offer a suggestion for the government, if one is available but if not justify why not, to capture tax revenue from these individuals and companies.

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Answer #1

Following are the rundown of Cash based Transactions :

Buy of property for money and divulgence low estimation of property for government enrollment.

Installment of money for buys of merchandise.

Installment of pay rates for money.

Proposal to Government for confinement of Cash based Transaction:

Make charge rules against money exchanges, i.e. Non accessibility of reasoning of consumption for money based exchanges and also make assess rules for finding of TDS for money based exchanges.

Make rules/arrangements restrain the money based exchanges incase of property deal/buys.

In the event that money based exchanges isn't limited, at that point there is opportunity to non catch of duty income.

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