Black Money in India

Some of the politicians are having black money in India. These activities are illegal and because of this India is not a republic but this country can be a republic but some of the politicians are hiding the black money which is money to develop India. Those politicians are not good so now India is not a republic country.

According to me, black money is the illegal assets. Illegal asset means which do not pay the any taxes for them or they may be got through the currupted way.

Corruption in India is the most menance threat to our economy. India has been battling with ever, since the independence.

The main reason for corruption or black money is lack of transparency in bureaucracy and lack of implementation in rules and laws. By this black money the poverty is increasing in India. Unfortunately most of the black money is in the hands of politicians who are ruling us. Unless the general people became vigilant, the black money cannot unplugged from our nation.

Black money means money earned in illegal ways and people have no official record of where this money came from and by this people don't pay taxes to the government. That will affect the GDP of India and it will impact a lot on normal people also. Corruption is mostly done by people who have power.

Hello everyone.

What is mean by black money?

Black money is the part of person who don't pay the taxes from earned income. In society as many of peoples including politician, industrialista and business are doing this same because they want to be save from the pay taxes. Because of this our country growth is going decreases. In many of gov sector still they are sought of money from people to terminating their deed and work. So it's not fault of government its fault of every single person who gives the money to corrupt officer to terminating their work. Black money still exsit in country.

Black money is a great problem in India. It is increasing day by day in India. It's main cause is corruption, bad politics. Human thinks that if he gets more and more money than he will become happy in his life and he will not sad in his life. The human becomes greedy day by day. So we should control this problem, choose a right government, thinks about our poor people.

Hello everyone.

Black money is unaccounted money many people of India don't pay Tax and dial each other without pay tax and also the helped government employee, politic leaders and also police to behave of some bribe because of this govt is not able to implement of the country and poor people are not able to get benefits.

Demonetization is good action agents the corruption.

So, we have to stand agents the corruption.

Hello everyone.

Black money is a collection of money which comes from the bad jobs. Nowadays corruption is increasing day by day. Specially.

It occur in the politics and also other field like sports. It can be reduced by creating a law.

Good morning everyone.

Today our topic for discussion is black money in India. The black money is the money that is earning from illegal action. The reacher person cannot pay tax to the government of India. For the development of a country required some source of earning which comes from tax from reacher person and foreigners company that is established in India and taking the tax on foreigners item. In India, the Real situation is that the most of the reach person store their money in the house to avoid the tax, due to such kind of nature the reach person becomes reacher and poor people becomes poorer day by day. Result decreasing India's economy day by day.

If rich persons pay tax to the government that amount is used for other any reservation policies which is useful to all kind of person this is the best way but when government do the such policies and release amount that amount is not reach fully to the user's because the mediator (maybe government employees or politician or any other persons) take the maximum percentage of total amount indirectly and minimum amount will reach to user after spending time and money to take any kind of reserved policies of government. So, instead of paying taxes if the rich people are kind hearted my wish is they have to do the help to needy persons may be poor or any other direction and he has maintained a document for this type of work to show to the government if they ask tax.

It's our responsibility to pay taxes timely. Bt many people run from paying taxes and thus carrying black money with them. Even after demonetization, India didn't get the culprit carrying black money because the tax collectors were given bribes and they have hidden the data. If tax will not be paid effectively then black money will keep on growing and India will lack behind in civilization. Most of the private employee doesn't pay taxes as they think rich people should pay this but it's the right of each and every individual to pay tax.