Black Money in India

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143 comments Page 14 of 15.

Anshoo Singh said:   5 years ago
Black money is money earned by illegal resourse. In my opinion, black money is not good for any country.

It is curse for any country.

According to government, low unpaid tax and uncounted money come in category of black money.

If I talk about black money in india, most of politician is engaged in corruption and corruption leads to illegal activities.

Another reason is system of country, system of any country play very vital role in development of any country.

So, if system of any country is not good then it increase corruption.
(8)

Lakshman said:   2 years ago
Hello good morning sir,

Nowadays black money is common because in their particular job, they illegally earn money through corruption. More amount is coming from corruption which is mostly handled by Government officers, and politicians. But some people are being paid by the government perfectly. If they do wrong they hide more money in the house and some hidden places.
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Gunesh said:   11 months ago
If you earn money in the wrong way and don't pay taxes to the government all kinds of money are Black money. Black money may be in different forms like Cash, Diamonds & Gold, foreign currency land etc.

Maximum-time businessmen and Politics they have black money. These people are hiding information of income to save taxes and other people making money in the wrong way i.e. bribery they thinking without bribery not possible to do any work.
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Vikas.patil.kushtagi said:   5 years ago
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.

Thank you.
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Kittu said:   2 years ago
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 black money is accumulated by criminals, smugglers, and tax evaders.
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Mahi said:   7 months ago
Black money is money earned illegally, and there are no official records of where it came from. Black money may take different forms, such as cash, gold, diamonds, foreign currency, and land.

The people don't pay taxes to the government which will impact the Indian GDP and effect the many people.

Corruption is mostly done by people who are in power.
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Bharath said:   6 years ago
The first govt should ban all offline money and explain about online transaction even for 1 or 2 rupees also do in online only. They we can get uncorrupted India if this was not implemented we can never say that "India is developed country" after 10000 years also we say "INDIA is developing the country". I think so India never gets developed.
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Rajesh Pasupureddy said:   7 months ago
Hello this is Rajesh.

Black Money is a word which consists of a lot of information regarding the Indian Economy which is GDP. As the Taxpayers most of them are poor and middle-class working men/women. But most of the higher-standard people just there ignore tax. That means there just hiding the black money because of them Middle-class and poor people are suffering. In India, if Black Money increases, the young generations' growth will worsen at a certain point.

Thank You.
(6)

Meer shahid said:   5 years ago
Hello everyone.

According to my ideology is to concerned,

Black money means to earn money in an illegal way that is black money.

In our country what is happening, the people from rich background they think we are the best nobody is above then them, in order to control this curb we must take a step towards this, we have to make everyone aware about this, example, educated person, illiterate person, and especially students because they are Nation builders.
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Arzhxdrxh said:   1 year ago
I wish to talk hereby about black money in India.

Black money is nothing, but Money earned in illegal activities and the unpaid amount as a payment of tax to the government. The person who hides some of the amounts from the total earnings to avoid proper tax payment. Mostly, it is held in India, It is a very important thing to be analyzed by the reputed officers to the development of India's economy.
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