How shell companies are used in black money creation, laundering11 min read . Updated: 18 Aug 2017, 07:43 AM IST
Post-demonetisation, the income tax department has had considerable success in tracing movement of cash through layers of shell companies
Kolkata: There used to be an old saying among businesses in Kolkata: “dhan maat dikhao", which means your wealth shouldn’t show. It dates back to the pre-1991 era of command economy, and evolved as one of the best practices of that time to fly under the radar of the tax authorities.
Select your Category