Under the Prevention of Money-laundering Act, 2002, "proceeds of crime" means:

Section 2(1)(u) covers property derived directly or indirectly from criminal activity relating to a scheduled offence, its value, and the specified equivalent-value property where the original is held abroad. Its Explanation includes criminal activity relatable to the scheduled offence. Lawful borrowing or unpaid tax alone does not suffice, but a scheduled fraud involving loan funds can produce qualifying property.