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 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 Black Money Upsc? An income which is not declared by a person or a group of persons in a nation is termed as black money. It is also termed as ‘illegitimate’ as it goes unrecognized for the tax declaration. It is a huge social and economic issue for India, hence important for the
What Is Black Money In Gujarati? What Is Black Money? Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed. Why is it called black money? In