Black Money in India

First of all, l would like to say that there were many people in India. 80% of people in the medium of the middle class and lowest class. So many reach people captured the money of the lowest class people and as well as they don't pay the income tax to the government.

Thank you.

There are a lot of black money in our country. But I want to ask some questions with government. Whose is black money. Are this poor man, farmers, employees and students. Everyone want to know about it. I would like to say that every leader and officer has black money. We are laborious Indian man. We don't have black money. And we don't know about black money, What is black money?

Black money is something that can't be obliterated till transparency comes into existence in every part of governance. We just can't put all the blame to our politicians. We do have some responsibility in reducing black money. Not only the government but also we people have to be transparent about our property. We must pay the taxes properly before blaming the government. The root cause of black money is corruption. So to eradicate black money and its effects on the country's economy we have to first counter the deep spread corruption. If every citizen of India first sincerely protest corruption then there is a hope. That means we will neither go in the path of corruption nor allow anyone to do corruption. To realise this a effective literate and participative society is required.

Black money is very dangerous poison for economics. So we will support and destroy the black money.

Hello everyone.

Black money is that type of money that is hidden by big politicians, businessmen, and others who are corrupt!

They hide this money by not paying proper taxes.

There are various sources of black money but I feel digitalising the currency is a good way to stop this kind of thing!

Our prime minister has started demonetisation, but it is not that helpful, only near 1trillion$ is seized!

So, we should step towards it & should've to stop this.

Thank you.

The hidden huge amount of money is always impacting negatively on our entire economy.

Indian govt, therefore, must check to it, further growth of it.

Indian political system helps to The Black money holders at all levels and categories. Here the best and only way is Our Appellate Judiciary Must interfere through DPSP Of our constitution to curb and release the enormous currency back to India.

It's really possible to complete the process in time.

Thanks.

In our country the many political people also many industrialists have plenty of black money. The middle class and poor people were facing so many problems for this. Due to this black money, no development occurs in our country. Price of every product increased gradually cause they should not deposit their income tax at the proper time. So poor people's became poor and reach became get reach.

Black money is an act which indirectly put our nation downward. Also, degradation ourself for being a part of our country.

Good morning friends,

I am discuss about 'Black money in India'. I start this topic. People are seen that every department is hungry for money which corruption increases. Black money is example of corruption. That is increasing day by day. Black money is that money which government is not got form tax by people. In India 80% people belong to middle families and poor families, these people do give the tax the government and 20% people these people do not pay the tax that is poison for economic of our country. It is the reason that economic growth is not increasing.

Thank you.

Black money is a kind of illegal activities done by corrupted person and is the way to gain money in unwanted works.