Dear Black Money,

[V.Balasubramani]

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I would like to share a copy of mesage received through face book:

Someone has really used his mind to write this creative post....

Dear Black Money,

I am your weaker sibling, white. How are you?

I am fine here in India and I hope you are enjoying your stay in Switzerland.

I am writing this letter as I have heard that you are coming back to India.

Is it true ? If it is, then I will suggest you to please reconsider your decision.

Black, do you remember the days when we were together and there was no difference between you and me.

We were simply, Money without any discrimination of black and white.

But then some corrupt politicians and cruel businessmen separated us forever.

Since that day, you have been growing in numbers and I am left on the mercy of salaried employees who do not have the privilege of you.

People often call me No.1, but it’s you who went places- from Mauritius to Dubai to Switzerland, while I was locked in FD, Post Office or in PF.

While I suffer from high rates of Income Tax, Service Tax, VAT, Property Tax, Entry Tax, you are immune to each one of them.

You will be glad to know that today, there is no piece of land in India which can be sold or bought without you.

You have been successful in buying MPs and in past, have made special appearance in parliament as well.

Credit goes only to you black, that today, even a government peon can become a millionaire.

People here won’t accept a girl even if she is slightest of black, however, when it comes to money, they treat both black and white equally.

But despite all this please don’t come back from Switzerland.

Black, if you will come back, don’t expect to be of any help for poor.

You will again be routed in the hands of those special few on the pretext of schemes like MNREGA or Indira Awas Yojna.

Instead of the wonderful lockers of Swiss Bank, you will be kept hidden behind the walls, beneath the bed and sometimes, even in loos.

You won’t get the privilege of cheques or credit card.

In its place, you will be exchanged on the basis of Rs.10 note.

Some smart peoples, who call themselves Chartered Accountants, may also force you to convert into me. But that’s not the worst part.

Trust me brother! Don’t come back to India because the hearts of people, here, are blacker than your colour.

Your fairer self

White Money
(TDS deducted!)

Source: Anantha Narayanan/Face book

 

[yesmohan]

Reply from the Black:

Dear white,

I feel sorry for you have been suffering a lot in the hands of all and sundry.

Here I am O K…… Climate is so cool…………. Don’t worry and feel about me
.
Uncle TOM in India has been threatening me for a quite loooong time.

I know ….a spill of some beans………is enough For uncle TOM to chew and finally shut his mouth quite.

Moreover my elder sister kettle is with uncle TOM; his younger sister ..... Pot is with me.

You know better than me that …………….kettle can not call the pot black !!

A bond of relationship !!


Yours strong self
Black Money
(my safety assured)

 

[Brahmanyan]

Now I am confused person. Could some one define what exactly is "Black money" ? Tell me, will the money earned by unfair means and corrupt practices become "white" if tax is paid on it ?

Brahmanyan,
Bangalore.

 

[yesmohan]

Now I am confused person. Could some one define what exactly is "Black money" ? Tell me, will the money earned by unfair means and corrupt practices become "white" if tax is paid on it ?

Brahmanyan,
Bangalore.

I could not rationalise ; .....but the VDS (Voluntary Disclosure Schemes ) defines so !!
Govt. would not go into the source !!

 

[Raji Ram]

Dear Brahmanyan Sir,

'Black money' is just the unaccounted money; whether earned by fair means or otherwise.

And, there are methods to make 'Black' into 'White'!!

 

[tbs]

hi

HAWALA MONEY IS CALLED BLACK MONEY....

 

[auh]

Now I am confused person. Could some one define what exactly is "Black money" ? Tell me, will the money earned by unfair means and corrupt practices become "white" if tax is paid on it ?

Brahmanyan,
Bangalore.

In simple terms, any money that is not declared (as is required to) in a transaction is black money !

The vdis was a one time scheme that sought to rope in the black money so that it could be infused into the economy for lawful activities and declared subsequently. Otherwise the amount would have always escaped reporting angles and would go for illegal activites. It was supposed to be a win-win for both the govt and the black money hoarders !

It cannot be made a regular practice as that would obviously mean endorsement of the practice.

 

[GANESH65]

So far as one can understand, government wants to unearth the money which is not reported to it by persons and companies irrespective of its source. Had this been disclosed in time there would have been a tax of only 30% on it where as now they are paying 45% or 15% more than what they would have normally paid. The Government have now more money to carry out developmental work where as the companies or persons can continue to work without any legal hurdles. Just imagine had this scheme not been brought, the undisclosed money would have remained as such and would not be used for any good cause. Now 45% of it is being used by government for developmental work where as the remaining 55% also comes in to circulation after being changed colours which also contributes its part in the economy. Now the billion dollar question what happens to the corrupt means by which they are amassed. Government now has given protection only against asking source during disclosure or reporting the matter to any agency on this basis. Voluntary Disclosure does not provide immunity against any wrong practice/crime committed while amassing the wealth is the same is found out as a result of any other disclosure or inquiry. Inquiry against any corrupt practice can always be conducted whenever they are reported or brought to light. The sword of Damocles is always hanging there.