echo ''; Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option ““. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » India’s Wealthiest Are Running To Dubai And Singapore To Hide Their Black Money

India’s Wealthiest Are Running To Dubai And Singapore To Hide Their Black Money


A harsh black money law is believed to have triggered an exodus of several wealthy Indians to destinations like Dubai and Singapore, according to an informal email and text messages exchanged by traders in Mumbai’s financial markets on Tuesday. A leading tax professional said that many of these people with undisclosed offshore bank accounts are exploiting loopholes in tax and foreign exchange laws.

reporterUsing their contacts they are arranging job appointment letters from companies in countries like the UAE and Singapore. While the employers and companies do exist, the persons receiving the letters have no intention to join the firms as employees. Instead the job offer letters would be used to claim residency status in the respective countries.According to FEMA, Indian citizens employed abroad are considered nonresidents; while according to the income tax law, such persons are required to stay out of India for at least 182 days in a financial year to claim non-resident status.A non-resident Indian does not have to disclose foreign assets to Indian tax authorities. According to text messages circulating, 80,000 Indians have applied for residency certificate in Dubai and some of the other countries

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