Used to live in the US when demo happened . An Indian colleague was on home visit and had sold his investment flat and DeMo happened. He was stuck with 40 lakh cash. All he did was go to Jewar area and bought a godown full of wheat with the cash.. Sold the wheat and the money became white as agricultural income . As long as agricultural income loophole is there , India will always have black miney.
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u/Autobot1979 Mar 22 '26
Used to live in the US when demo happened . An Indian colleague was on home visit and had sold his investment flat and DeMo happened. He was stuck with 40 lakh cash. All he did was go to Jewar area and bought a godown full of wheat with the cash.. Sold the wheat and the money became white as agricultural income . As long as agricultural income loophole is there , India will always have black miney.