Black Money in India

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.

Nowadays black money is increasing very fast in India. If the government will not take action on black money. India never develops like other countries. So, it is important to take seriously on black money.

Nowadays black money is increasing very fast in India. If government will not take action on black money. India never develops like others country. So, it is important to take serious on black money.

Many people in our country find different types of tactics to save income tax. It's our moral duty to pay the taxes because we are citizen of this country. Without having money govt are unable to do the development work. Due the black money, govt have to rise the prices of the necessary good. Rising prices of essential goods, it effects the pocket of the middle class and lower class family. Due to rising prices, they are unable to full fill their basic needs. People should realise that thing that it's our moral duty to pay the tax and not hide our actual income then the change will come.

Hello everyone.

In my opinion, black money is nothing but money earned through illegal activities or through activities where the money received is not disclosed to the government, mainly to evade tax.

Black money is a big problem that India is facing for a long time now. In fact, it is the problem of many countries around the world too.

In order to conclude, the government should thrive more on cashless transactions and the government was successful in introducing UPI in the country.

Hello everyone.

My name is Rajdeep Kumar.

Today the given topic is black money.

I want to tell you what is black money. black money means that people earn money which comes from illegal work and hide from the government and don't pay taxes, is called black money.

This is a big problem for our country.

That's why India is not a developed country, if you don't pay taxes it will destroy our GDP growth.

There are so many people in India who have black money that's a big reason why richer became richer and poorer became poorer. The government took a good decision Notebandi in India it reduces black money.

Conclusion: In my opinion, black money is a big problem in our country, because of black money our GDP growth is decreased, a cashless economy is a good initiative to decrease black money because of cashless economy and last I would like to say that government should take a strict decision against black money.

Thank you, everyone.

Jai Hind.

Hello, Everyone. I am Sudharsan.

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 for 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 analysed by the reputed officers to the development of India's economy.

Black money transactions are a kind of harm to the whole nation. The main criterion of danger that lies with black money is funding to terrorist activities.

Other than this politicians and businesses are part of the circle, as that's the main cause of gaining momentum of black money.

Hi friends,

Avoid black money in India we are using digital currency. Because businessman correctly pays tax in government. So, stop the black money, We use the white money. We are creating a great & wonderful India.

Thank you.

Black money in India is very danger to all humans and it was corrupted to all over India it mostly handled by politicians and the business man.