Black Money in India

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 economy.

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Hello.

I am A S Anjani from Bihar.

Today we discuss Black money. The money which is stored by without paying any taxes. The collection of this money by any way in which one is famous that is a bribe.

Our government continuously try to decrease this but its impact is not marvellous. Our present prime minister takes a big decision regarding this NOTE BANDI.

Hello Everyone.

My name is Narender Kumar. Thanks for giving me this golden opportunity to discuss on the BLACK MONEY.

Black money means, the money is earn/collect without paying of tax and illegal way.

Due to the black money in our country increment of poverty and corruption.

Due to the black money the GDP of our country is also reduce.

Due to the black money rich becomes richer and poor becomes poorer.

Black money is earn from the black market.

Black money is the widens gap between rich and poor.

Thank you.

Hi guys, we all are discussed here the term black money.

According to my opinion, we are Perpetrators of this scenario that why black money runs in the market because everyone busy in blaming one another than to try to overcome the problem if we individually think and make a resolution that we do not take and gives bribe then we will get rid of quickly from this situation.

Hello everyone.

Today we are going to discuss the black money. Black money means people who have gathered their money without pay taxes. For this reason, we are still developing country not developed country. Our country has approx 6% original taxpayers. For this reason, the government is not capable to make more plane to reduce the poverty and also our GDP going reduce day by day. We should be an honest taxpayer to develop our country otherwise richer will be richer and poor will be poorer.

Thank you.

Good evening all of you.

Now, I would like to talk about the topic, which has been given to me.

In my opinion, black money like a horror reality of my country rich people is not paid the government tax.

And that effected on the poor people. They have mostly faced the hunger and indigent sorrow of their life.

Thanks.

Hi good morning to everyone.

Our topic is black money. Black money is money on which tax is not going to pay the government. There are 120 lack crore rupees of India is deposited in a swiss bank which is black money and from all over the world it is 5 trillion rupees in the swiss bank which is black money and there are many sources of income on which public is not paying tax to the government. GST implication is a step towards collecting taxes. All the rupees comes from corruption is also black money.

Black money means there is no paying the tax to collect and earn money. Black money reduces our GDP. It will reduce government income also. We are also responsible for black money because we are giving bribes for administration. It is the main cause of Black money. By this rich make, more rich and poor make poorer. To reduce the black money Indian govt start demonetisation.

Black money is money which asset by illegal works and bribe. In India, there is many illegal works by that many people earning a lot of money. And many businessmen and black money holders invest their money in foreign banks. It is also badly affected by the economy of India. Demonetization and Digital India program are the best steps taken by India govt which can reduce the black money and govt offer the black money holder to surrender their money it's 30% will be the tax and 70%of it will retain.

Hello everyone.

I am Abhit, today we are here to discuss black money in India.

The main source of black money is the black market. Black money is that which is earned by illegal means or without paying of the tax. A large no. Of Indian deposits black money in Switzerland banks about $1trillon. So many business people store a large number of commodities at their store place, and after some time, when there is a deficiency of these commodities, they sell these at a very high rate. Black money is collected by a smuggler, criminal and politicians. Black is a big reason for poverty and corruption. A good step had taken by the government in 2016 in form of demonetization. Thanks.