There Are Ways to Turn Black Money White, But They’re All Grey

Looking for ways to turn your black money white? It’s possible, but risky.

Looking for ways to turn your black money to white? There are ways, but with riders, of course (Aaqib Raza Khan/TheQuint)

‘How to convert black money into white money’ is one of the hottest searches online. After Prime Minister Narendra Modi’s ‘surgical strike on currency’, which meant Rs 500 and Rs 1,000 would cease to be legal tenders. Then there were a flurry of people looking for ways to gain some value from the money, any which way.

The Quint spoke to a few Chartered Accountants on the possible loopholes which could impact the decision. Watch this video for the key takeaways:

Disclaimer: The Quint does not endorse or encourage any of these actions. These are illustrations of what's already happening.