Why Is It Called Black Money? In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The total amount of black money deposited in foreign banks by Indians is
What Do You Mean By Black Money And Black Economy? In its simplest form, black money is money on which tax is not paid to the government. … The sellers in both examples have earned money from legal sources but evaded taxes. The most common source of black money is the black market or underground
What Is Black Money In Simple Words? 1 : coins issued as silver but containing a high alloy of base metal. 2 : income (as from a black market or from gambling) that is not reported to the government for tax purposes. Why is it called black money? In India, black money is funds earned
What Is The Percentage Of Black Money In India? After this in the next 1.5 years Rs 4300 crores of black money through benami transactions has been unearthed. Add to this about 20 or 25% of real estate deals are in cash black money. This is about Rs 3000 crores as real estate market value