Hyderabad: The activities of Chartered Accountants have increased after demonetization. The businessmen who never used to visit Chartered Accountants are now queuing in the offices of Chartered Accountants. Those who had accumulated black money are now making rounds of the offices of Chartered Accountants. They are consulting Chartered Accountants to find ways and means to convert their black money into white. They are worried that if they deposit their black money in the bank, many issues would crop up.
NRIs who send their money to their relatives in India have no maximum limit. The decision of Dept. of Finance to levy 200% fine has created panic among the businessmen who have black money. They are also consulting financial experts to convert their black money white.
–Siasat News