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Deepak Shenoy

@deepakshenoy

Oh this will increase substantially after the gold duty was increased to 15%. They will smuggle gold, do shady billing abroad and send dollars out.

The Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances. The exercise follows data analysis and ground intelligence indicating significant overseas remittances by entities with little or no reported business activity. The Department has emphasised the importance of exercising due diligence and sound judgment by professionals while issuing cerfiticates in Form 15CB/Form 146. Details in the Press Release:

4:14 AM · Aug 19, 2026 · 45K Views

6 Reposts 149 Likes 12 Bookmarks

5 replies collected of 6 X reports

Karthigeyan S🪼 @Karthigeyansund · Aug 19

@deepakshenoy Can't u say anything in detail?

Devang Shah @Devangshah23 · Aug 19

@deepakshenoy India Doesnt have any option - on Gold Smuggling , shady billings... Should Strict the rules ones someone caughts...

shameel @invest_shameel · Aug 19

@deepakshenoy Often, bans, tariffs, and arbitrary, unscientific restrictions are the brainchild of black marketeers. By making something illegal or artificially scarce, they create a lucrative opportunity to extort money from those forced to circumvent the rules.

Ramses, The @ramamoorthy_h · Aug 19

@deepakshenoy Most of payments for undervaluation of import happens via havala. The invoiced amount goes by bank and rest via Hundi. What are they doing on that!?

Bassist चित्रकार 🚩 @mickysood · Aug 19

@deepakshenoy It can be easily tracked by technology. Every printed note has a unique number. They just have to put that number on Blockchain and voila! You can track every single paisa moving anywhere, but that will mean bribes will be taken in other shapes and forms. 😁😁