Recommendations of SIT on Black Money as Contained in the Third SIT Report
- Misuse of exemption on Long Term Capital gains tax for money laundering
- Misuse of Participatory notes for money laundering
- Shell Companies and beneficial ownership (Reference p. 73-76 of the Third SIT Report)
- Action under PMLA for Trade Based Money laundering
- Use of cash in Black economy (Reference p. 4-6 of Third SIT Report)
- Generation of black money in education sector and through donations to religious institutions and charities (Reference p. 84-86 of the Third SIT Report)
- Necessity for establishment of additional Courts for deciding the pending cases under the Income Tax Act, 1961 (I.T. Act) (Reference : Page IV of Executive Summary of Third SIT report and extracts from First and Second SIT reports)
- Need for establishment of Central KYC Registry (Reference p. XVI of Executive Summary of the Third SIT Report)
- GENERATION OF BLACK MONEY DUE TO CRICKET BETTING (Reference p.68 -71 of the Third SIT Report)
- Empowerment of DRI under section 20,21 and 22 of SEZ Act (Reference p. XVI of Executive Summary of Third SIT Report)