Stories of blackmoney hoarders suffering after demonetization

[Soulspeek]

I want some action on gold sellers and buyers as well. Next move is gonna be against those who invested their black money in property i.e. flats, bunglows, farm houses etc.

 

[rott]

Any individual can deposit up to 3690.31$ in their bank account without disclosing the source of this income anything above that you need to show the source.

What if one wants to deposit 500k and don't have the source?

 

[ThinkLogically]

What if one wants to deposit 500k and don't have the source?

If they deposit $500,000 (without source of income) then as per my understanding they will have to pay
30% of it in Tax = $150,000
200% of tax as fine = $300,000
Total tax = $450,000

And they can happily keep the remaining $50,000 as white money.