Tech beauty|Entertain with blog

JARVIS-Mark Zuckerberg Personal Artificial Intellegence Assistant

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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b>HOW MARK ZUCKERBERG MADE HIS PERSONAL ASSISTANT?</b></span></span><br />
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<span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-size: large;">As there is a competition between various assistants like Amazon Alexa, Google Home,Siri and Google Assistant is increasing day by day Mark Zuckerberg unveiled his own personal assistant 'JARVIS' whose voice is Morgan Freeman.</span></span></div>
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<span style="font-size: large;">Jarvis is the unique name which is set by him and this is one of the most efficient device or not will major question among all.</span></div>
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<span style="font-size: large;">To communicate with Jarvis Zuckerberg created his own facebook bot framework.</span></div>
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<span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOhRHrd0baIcVvYAetflqSYMQBB8RN9ULUb_p8oo_34DniFSOXl6A4GH80Xan9FJzG_hiU641ZFdrF-KtdUVqjcK9g4TSbb0Tr1XTG0CR1s1d7Az5yKn-pWikPNKk78HriaBUKiN8Aowbs/s1600/jarvis1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Jarvis" border="0" height="363" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOhRHrd0baIcVvYAetflqSYMQBB8RN9ULUb_p8oo_34DniFSOXl6A4GH80Xan9FJzG_hiU641ZFdrF-KtdUVqjcK9g4TSbb0Tr1XTG0CR1s1d7Az5yKn-pWikPNKk78HriaBUKiN8Aowbs/s640/jarvis1.png" title="Jarvis" width="640" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b>HOW JARVIS IS BEIND PREPARED?</b></span></span><br />
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<span style="font-family: "times" , "times new roman" , serif;"><span style="font-size: large;">Various several AI techniques and programming languages are used like PHP, Python, Objective-C. Jarvis can control his room,play music.</span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><span style="font-size: large;">This year in January Mark Zuckerberg told the world that he had planned to make a AI automation system which will control his room.This was one of the major challenge that was to be carried out.</span></span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><span style="font-size: large;">As this obvious that this system is not like Tony Stark's AI system in Iron man.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b>WHAT CAN JARVIS DO?</b></span></span><br />
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<span style="font-size: large;">Jarvis can talk to his phone with computer too,control his room lights,tv,security appliances, temperature and can even entertain his daughter.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyZqF6BZns9s9vsiZIhr_mflYY5K7Cjg1tjDbnTwazQK8RXDFhWPf0qFYBYN_TqUfVsUQlrsPn8-yLJPsR6ADL890IjRN-LvP8JziDt308FlZrHTJsKL0TXa-BhmXkyF4x5EKw0Y9K7AR5/s1600/jarvis.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Jarvis" border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyZqF6BZns9s9vsiZIhr_mflYY5K7Cjg1tjDbnTwazQK8RXDFhWPf0qFYBYN_TqUfVsUQlrsPn8-yLJPsR6ADL890IjRN-LvP8JziDt308FlZrHTJsKL0TXa-BhmXkyF4x5EKw0Y9K7AR5/s640/jarvis.png" title="Jarvis" width="640" /></a></div>
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<span style="font-size: large;"><b> </b></span><br />
<b><span style="font-size: large;">Several Artificial intelligence techniques:</span></b><br />
<span style="font-size: large;">Natural Language Processing</span><br />
<span style="font-size: large;">Face Recognition</span><br />
<span style="font-size: large;">Speech Recognition</span><br />
<span style="font-size: large;">Reinforcement Learning</span><br />
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<span style="font-size: large;">Among all above artificial intelligence techniques natural language processing is one of the most important focusing area . </span><br />
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<span style="font-size: large;">Languages for building Jarvis</span><br />
<span style="font-size: large;">Python</span><br />
<span style="font-size: large;">PHP</span><br />
<span style="font-size: large;">Objective-C </span><br />
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<span style="font-size: large;">Zuckerberg modified several API's to build his own API for building his own assistant.He also made modification in appliances which are not internet connected.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b>HOW JARVIS ASSISTANT IS DIFFERENT FROM OTHER ASSISTANT?</b></span></span><br />
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<span style="font-size: large;">Day by day Jarvis importance is growing as one of the most efficient assistant and can respond fastly. </span><br />
<span style="font-size: large;">This Jarvis will also be used in Facebook messenger app where several commands will be there. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b>WHAT IS MAJOR PROBLEM WHICH IS THERE IN ALL ASSISTANT EVEN IN JARVIS ASSISTANT ALSO?</b></span></span><br />
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<span style="font-size: large;">As we know these are all brilliant devices but one major problem is over there</span><br />
<span style="font-size: large;">While setting assistant device some devices recognise your voice but at the end problem is that it still work with other voices also which means that person voice is not properly identified which is a major security reasons.</span><br />
<span style="font-size: large;">So these type of devices cannot be used for security purpose.</span><br />
<span style="font-size: large;">Any one saying a phrase 'OK GOOGLE' will be responded by google in back.</span><br />
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;">HOW TO ENABLE VOICE CONTROLS FOR JARVIS?</span></span></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;">To enable voice controls Zuckerberg created a dedicated Jarvis app that listen to what he says.</span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;">In future Zuckerberg will add more commands so that this device can be user friendly<b> </b>for all.</span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>CAN OTHER ASSISTANT WILL BEAT THIS JARVIS ASSISTANT?</b></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "times" , "times new roman" , serif;">This will be one of the major question that whether Jarvis will be able to beat other assistant or not.</span></span></span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "times" , "times new roman" , serif;">As all the assistant already launched are at the top and most efficient among which amazon Alexa is at top among all.</span></span></span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "times" , "times new roman" , serif;"> So the major competition will be between amazon Alexa and Zuckerberg Jarvis.</span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "times" , "times new roman" , serif;">Now question is there what command will be used to on Jarvis and how it can used in messenger app for the ease of people.</span></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><span style="font-family: "times" , "times new roman" , serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "times" , "times new roman" , serif;"> </span></span> </span></span></span><b><span style="font-family: "arial" , "helvetica" , sans-serif;"></span></b><br />
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JARVIS-Mark Zuckerberg Personal Artificial Intellegence Assistant

HOW MARK ZUCKERBERG MADE HIS PERSONAL ASSISTANT? As there is a competition between various assistants like Amazon Alexa, Google Home,Si...

Amazon associates-Make money by affiliate marketing

Unknown 0 amazon associate, Latest, part time jobs 05:02

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<span style="font-size: large;">In Digital world affiliate marketing is becoming popular day by day.Most of the people wants to <a href="http://techbeautyworld.blogspot.in/2016/10/how-to-earn-from-youtube-and-apply-for.html">make money</a> at their home easily as <a href="http://techbeautyworld.blogspot.in/2016/10/part-time-business-ideas-for-children.html">part time job</a>.So doing affiliate through <b>amazon associates </b>is the best choice than going for any other associates like Flipkart or Citi Bank etc. </span><br />
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<span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUApiYOXNLAlPMYgI4MXWEny03uUiS_Mduh1b_pUdUfDF3UamsBtiUwdjnKqKrSCFwsgaXqxin-z4j37vAkn_X6_p6DQBbZymCvD04DNxIetAzj_YHPAZ6kp92YQIpIDhKRliym63W7wl3/s1600/associate.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="amazon associate" border="0" height="244" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUApiYOXNLAlPMYgI4MXWEny03uUiS_Mduh1b_pUdUfDF3UamsBtiUwdjnKqKrSCFwsgaXqxin-z4j37vAkn_X6_p6DQBbZymCvD04DNxIetAzj_YHPAZ6kp92YQIpIDhKRliym63W7wl3/s640/associate.png" title="amazon associate" width="640" /></a></span></div>
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<b><span style="font-size: large;">But the question arise how we can make money?</span></b><br />
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<span style="font-size: large;"><b>Amazon associate-Steps to Make money through it</b></span><br />
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<span style="font-size: large;">Follow each step properly so you can make full fledge <a href="http://techbeautyworld.blogspot.in/2016/10/how-to-earn-from-youtube-and-apply-for.html">money</a> through it</span><br />
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<span style="font-size: large;">Step 1</span><br />
<span style="font-size: large;">First search on google amazon associate.First link which will come on the google click on that.</span><br />
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<span style="font-size: large;">Step 2</span><br />
<span style="font-size: large;">After that when amazon associate website will open register yourself.</span><br />
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<span style="font-size: large;">Step 3</span><br />
<span style="font-size: large;">When you will get yourself register over there your dashboard will open and you will get your associate ID which will be your unique ID.</span><br />
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<span style="font-size: large;">Step 4</span><br />
<span style="font-size: large;">Now earn and refer procedure will be followed and you will make lots of money.</span><br />
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<span style="font-size: large;">Step 5</span><br />
<span style="font-size: large;">First you have to search your product on amazon which you have to sell.</span><br />
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<span style="font-size: large;">Step 6</span><br />
<span style="font-size: large;">When you have search your product open that product and copy title or name of that product.</span><br />
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<span style="font-size: large;">Step 7</span><br />
<span style="font-size: large;">On dashboard you will search keyword option will be there.What you have to do is you just have to paste name of the product over and click on go.</span><br />
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<span style="font-size: large;">Step 8</span><br />
<span style="font-size: large;">From there you product will get list at right hand side get link option will be there click on that link.</span><br />
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<span style="font-size: large;">Step 9</span><br />
<span style="font-size: large;">When you will click on the link on next page you will get your html code from there. Now what you have to do is copy that html code and paste it on you website page.</span><br />
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<span style="font-size: large;">Step 10</span><br />
<span style="font-size: large;"> Now product will display on your website.Now if anyone will buy product from your website you will earn money.</span><br />
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<b><span style="font-size: large;">WHAT TO DO IF YOU DOES NOT HAVE WEBSITE?</span></b><br />
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<span style="font-size: large;">Follow these steps if you does not have your website or blogger</span><br />
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<span style="font-size: large;">Step 1</span><br />
<span style="font-size: large;">When you will go to amazon website(not associate one) at the top you will see stripe option where three options is there</span><br />
<ul style="text-align: left;">
<li><span style="font-size: large;">Text</span></li>
<li><span style="font-size: large;">Image</span></li>
<li><span style="font-size: large;">Text and Image </span></li>
</ul>
<span style="font-size: large;">Step 2</span><br />
<span style="font-size: large;">You can directly click on above option from there you will get link copy that link and paste it any where either on your facebook page or whatsapp or any other social media site where you have to promote that link.</span><br />
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<span style="font-size: large;">Step 3</span><br />
<span style="font-size: large;">When anyone will buy product from that link you will get money.</span><br />
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<b><span style="font-size: large;">HOW MUCH MONEY WE CAN EARN FROM IT? </span></b><br />
<span style="font-size: large;">On the dashboard of amazon associate commmision rate option is there click on that link and check commision rate on each category and from there choose your own category.</span><br />
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<b><span style="font-size: large;">CAN YOU EARN FROM EVERY PRODUCT? </span></b><br />
<span style="font-size: large;">No its not true you cannot earn from each and every product some product list are there you can see where you cant buy any money.</span><br />
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<b><span style="font-size: large;">WHEN YOU WILL RECIEVE MONEY AND HOW YOU CAN REDEEM YOUR MONEY? </span></b><br />
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<span style="font-size: large;">According to the policy of amazon associate you will receive your <a href="http://techbeautyworld.blogspot.in/2016/10/how-to-earn-from-youtube-and-apply-for.html">money</a> when product will get shipped.When you will have 1000 rupees(For India) on your dashboard you can redeem your money by two methods</span><br />
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<span style="font-size: large;">By gift card</span><br />
<span style="font-size: large;">By Banking</span><br />
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<span style="font-size: large;"><span style="font-size: small;"><span style="font-size: large;">In payment option at the top of dashboard you have to fill your banking details and after saving it you will receive your money at your bank</span> </span></span><br />
<b><span style="font-size: large;"> </span><span style="font-size: large;"> </span></b><br />
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<b><span style="font-size: large;"> For any Help or Inquiry Comment your Problem</span></b></div>
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Amazon associates-Make money by affiliate marketing

In Digital world affiliate marketing is becoming popular day by day.Most of the people wants to make money at their home easily as part ti...

How corrupted people convert black money into white money?

Unknown 0 Latest, social 04:13

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<span style="font-size: large;">First of all, I am stating that I am with our prime minister
Narendra Modi, who have taken a major action against corruption and black money
holders. Being said that, I will give a short explanation about the ways which
are taken by people in order to convert the illegal or “black” money to legal
or “white” money. </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgc0OtlEOVuP2aDQIwTvUP70k4NWQgL3GAnTRwMELxRokJUXF-Hd82Uy0pDO7hu-9qHzQE4ebhzQix_PgjWmROTxZDn-0mHmYRBEXEQ1MEJM8jQx5skTSTYcEfXKIGR5IIXBIp9f6gG5L25/s1600/rupees-435450_1280.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgc0OtlEOVuP2aDQIwTvUP70k4NWQgL3GAnTRwMELxRokJUXF-Hd82Uy0pDO7hu-9qHzQE4ebhzQix_PgjWmROTxZDn-0mHmYRBEXEQ1MEJM8jQx5skTSTYcEfXKIGR5IIXBIp9f6gG5L25/s640/rupees-435450_1280.jpg" width="640" /></a></div>
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<span style="font-size: large;"><b><span style="color: black; font-family: "Arial","sans-serif"; font-size: 14.0pt; mso-fareast-font-family: "Times New Roman";">First of all the question arises that “What is Black Money”?</span></b></span></div>
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<span style="font-size: large;"><b><span style="color: black; font-family: "Arial","sans-serif"; font-size: 14.0pt; mso-fareast-font-family: "Times New Roman";">

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<li><span style="font-size: large;"><b><span style="color: black; font-family: "Arial","sans-serif"; font-size: 14.0pt; mso-fareast-font-family: "Times New Roman";"><div class="MsoListParagraph" style="background: white; line-height: normal; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-indent: -.25in;">
<span style="color: black; font-family: Symbol; font-size: 9.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"><span style="font-family: Times,"Times New Roman",serif;"></span></span></span></span><span style="font-weight: normal;"><span style="font-family: Times,"Times New Roman",serif;"><span style="color: black;">Black money is the
earned money which is done by evasion of tax</span></span></span></div>
</span></b></span></li>
</ol>
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<li><span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><span style="color: black;"><div class="MsoListParagraph" style="background: white none repeat scroll 0% 0%; line-height: normal; text-indent: -0.25in;">
<span style="color: black;"><span><span style="font-feature-settings: normal; font-kerning: auto; font-language-override: normal; font-size-adjust: none; font-stretch: normal; font-style: normal; font-synthesis: weight style; font-variant: normal; font-weight: normal; line-height: normal;"></span></span></span><span style="color: black;">It can be earned through
both legal and illegal means</span></div>
</span></span></span></li>
</ol>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><span style="color: black;"></span></span></span><span style="font-size: large;"><span style="color: black;"></span></span></div>
<div class="MsoListParagraph" style="background: white none repeat scroll 0% 0%; line-height: normal; text-indent: -0.25in;">
<span style="font-size: large;"><span style="color: black;"><span><span style="font-feature-settings: normal; font-kerning: auto; font-language-override: normal; font-size-adjust: none; font-stretch: normal; font-style: normal; font-synthesis: weight style; font-variant: normal; font-weight: normal; line-height: normal;"></span></span></span><span style="color: black;"><span></span>      The majority of the black money is the income
received in cash which is not accounted in legal books and not revealed to the
government for tax purposes.</span></span></div>
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<li><div class="MsoListParagraphCxSpLast" style="background: white none repeat scroll 0% 0%; line-height: normal; text-indent: -0.25in;">
<b><span style="color: black; font-family: "Arial","sans-serif"; font-size: 14.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"></span><span style="font-size: large;">Now the question arises
that how does the black money get generated?</span></span></b></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"><b><span style="color: black;">1> Corruption</span></b><span style="color: black;">– Mr. X, an officer in government service, demands
Rs.1 lac from Mr.Y for doing a favour (eg. to approve the building sanction
plan). Now<span>  </span>Mr. Y hands over Rs.1 Lac to
the officer in cash as no one takes a bribe in cheque or demand draft. This
money will not be accounted in the books of Mr X and he will not pay any tax on
it. <span> </span>Hence Rs.1,00,000 black money is
generated.</span></span></span></div>
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</span></span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"><span style="color: black;"></span></span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">2>Property selling</span></b><span style="color: black;">– Mr. A buys a property from Mr. B for a total
sale value of Rs.25 Lacs. Mr B takes Rs.15 Lacs in cheque/DD and the rest 10
lacs in cash. He pays stamp duty on Rs.15 Lacs, and the seller pays income tax
on<span>  </span>Rs.15 Lacs. Hence Rs.10,00,000 black
money is generated.</span></span></div>
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</span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">3>Selling of goods/services without invoice</span></b><span style="color: black;"> – Suppose Mrs A buys a dinner table along with
sofa set from a furniture dealer. Now,<span> 
</span>the shopkeeper <span> </span>tells “the price
is Rs.50000 plus taxes at 14.5%”. Mrs A asks for discount from the shopkeeper. <span> </span>The shopkeeper tells her that he can offer it
at Rs.38,000 without any bill and if Mrs X <span> </span>wants, the former can write on a piece of
paper . Hence Rs.38,000 black money is generated.</span></span></div>
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</span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">4>Accounting for fictitious(false) expenses</span></b><span style="color: black;"> –  Mr X, a businessman, tells his
chartered accountant that the former can’t pay so much tax and asks the
chartered accountant to do something in order to reduce the taxes. <span> </span>The accountant does the favour <span> </span>by booking fictitious expenses. If the businessman
declares a profit of Rs.5 Lacs against the actual profit of Rs.10 Lacs, black
money of Rs.5 lacs is created. Hence Rs 5 Lacs black money is generated.</span></span></div>
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</span></span></div>
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<span style="font-size: large;"><b><span style="color: black; font-family: "Arial","sans-serif";"><span> </span>Now the big question that
how the illegal or black money converted into legal or white money? </span></b></span></div>
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<span style="font-size: large;"><b><span style="color: black; font-family: "Arial","sans-serif";"><br /></span></b></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><span style="color: black;">The
difficult part is converting the black money into white money without any
taxes. In all the above examples, the people who have earned money in cash
(black money) can’t deposit it in the bank.<span> 
</span>So, they have to make a safe storage of <span> </span>the cash somewhere else eg in a bank locker,
suitcase, etc.<span>  </span>They can also spend this
amount in cash by<span>   </span>purchasing of
property, goods, etc. Let us see the ways of converting black money.</span></span></span></div>
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</span></span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">1>By showing fictitious(false) sales – </span></b><span style="color: black;">Few years ago, a movie got casted by the son of
a powerful politician. The movie was a big flop. But, it ran ‘houseful’ (false)
in Kalpana Theatre of K G Road for a year. During those days, people were
talking that the black money earned by the father is converted into white by showing
the income from the movie which got casted by his son. In this way the money
earned by<span>  </span>illicit means is converted
with the help of businessmen by booking fase sales in the books of his/her own
company.</span></span></div>
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</span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">2>Increase the sale price of an asset – </span></b><span style="color: black;">Suppose a buyer wants to buy a property from a
seller<span>  </span>for a price of Rs.40 Lakhs. But
the seller wanted him to pay Rs.60 lakhs in cheque and in turn the seller
wanted to return the difference amount of Rs.20 Lakhs and additional stamp
duty/</span><a href="http://www.balakrishnaandco.com/ca-services-offered-by-ca-firm-balakrishna-co-bangalore/" target="_blank"><span style="color: #444444; text-decoration: none;">registration</span></a><span style="color: black;"> charges in cash to the buyer. Thereby the
seller<span>  </span>converted Rs.20 Lakhs of black
money to white without paying any taxes. The seller then reinvested the
corrupted money in another property and got the long term tax exemption.</span></span></div>
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</span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">3> Route through Hawala</span></b><span style="color: black;"> – we have often heard about hawala transactions.
Now let us understand it in simple words. Let us assume Mr.A, a government
officer or a politician in Kolkata has Rs.25 Lakhs in cash. Since it is black
money, he can’t deposit the same in the bank. So,what he does is that, he
identifies a hawala agent . The Hawala agent takes the cash in Kolkata and
through his counterpart,he hands over Rs.25 Lakhs worth in dollars/pounds in a
foreign country to his representative. Mr.A gets this money back to India as
Foreign Direct </span><a href="http://www.simplifiedlaws.com/tag/investments"><span style="color: #444444; text-decoration: none;">Investment</span></a><span style="color: black;"> (FDI) or seed fund in a private company, etc. Also he may choose
to invest abroad in properties / shares. Thus, he converts black money to white
without paying any taxes.</span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">4>Depositing in banks an amount less than Rs.50000</span></b><span style="color: black;"> – This route is taken by small time operators.
They open <span> </span>accounts in multiple banks and
deposit cash upto Rs.50000 at a time. Now the rule says that if one has to
deposit over Rs.50000, he/she has to give PAN details to the banker. Mostly,
these kind of small transactions goes unnoticed by the income tax department
and thus, black money is converted to white without paying any taxes.</span></span></div>
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<span style="font-size: large;"><b><span style="color: black;">5>Income through agriculture </span></b><span style="color: black;">– There is Income Tax on agricultural income.
This means the money earned from the sale of paddy, rice or wheat is free from
tax. So, the people who earn black money will obtain a false receipt from
traders of agricultural commodities,as if they have sold the products. For the
sake of records, these people will acquire or show the proof of ancestral
property in villages!</span></span></div>
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<b><span style="color: black;">6>Gifts</span></b><span style="color: black;"> – Any amount of money which is received from relatives as gift is
free from Income Tax. Hence it is an easy way to convert black money to white.
What happens that the person shows that the cash received in his/her son’s or
daughter’s birthday as gifts from relatives.</span></div>
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<span style="color: black;">Gifts
from non-relatives and friends attract income tax. But those who have huge
black money can show gift and pay taxes. Still the money earned through corrupt
practices can be converted into white (after paying taxes). One of the classic
examples is the amount of gift declared by a former Chief Minister who paid
huge taxes during that year. She declared around Rs.200 Crores as gift received
from her well-wishers and paid taxes on it!</span></div>
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</span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><b><span style="color: black;">7>Selling of jewellery in fake</span></b><span style="color: black;"> – Suppose, Mr.X has Rs.5 Lacs cash and he hands
this amount temporarily to a jewellery shop (that does not mean each and every
jewellery shop). The jewellery shop will issue a receipt for having bought
Gold/Diamond worth Rs.5 Lacs from Mr X and make payment in a cheque to Mr.X.
For facilitating this transaction, the jewellery shop <span> </span>will charge a minimal amount of fee. Thus Mr.X
converts his black money into white, without paying any income tax.</span></span></div>
</span></div>
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</span></li>
</ul>
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