Black Money in India
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143 comments Page 3 of 15.
Rin R said:
7 years ago
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.
(14)
Rekha said:
7 years ago
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.
(12)
Gopi said:
6 years ago
Hi friends,
According to my view, in our country, digitalisation is a good idea and if we reduce the currency notes like 2000, 500 notes then it will help us because the value of rupee is falling it leads to face a lot of problems for example in past if we pay a hundred rupees to shop keeper he gave us some items and we manage with those items for a few days but now by giving a hundred he does not give a single oil packet the cost of rupee is falling if we remove 2000, 500 and 200 notes and using 100 rupees note then some problems will solve by this way what they are means.
1. No one carries a huge amount in 100s.
2. People make digital transactions.
3. Reduces black money by putting an expired date on every hundred rupees note.
Thank you all.
According to my view, in our country, digitalisation is a good idea and if we reduce the currency notes like 2000, 500 notes then it will help us because the value of rupee is falling it leads to face a lot of problems for example in past if we pay a hundred rupees to shop keeper he gave us some items and we manage with those items for a few days but now by giving a hundred he does not give a single oil packet the cost of rupee is falling if we remove 2000, 500 and 200 notes and using 100 rupees note then some problems will solve by this way what they are means.
1. No one carries a huge amount in 100s.
2. People make digital transactions.
3. Reduces black money by putting an expired date on every hundred rupees note.
Thank you all.
(20)
Udhayan said:
4 months ago
Hi everyone,
Black money is money which is earned illegally and also avoids paying taxes. Mainly black money takes place in richer people. In this highly qualified professionals are provide service to avoid for paying taxes.
Professionals must be ethical in providing services to clients.
The government of India takes all measures to avoid black money but they are not executive effective.
Black money is one of the major financial problems in India. It causes the Indian economy, GDP and per capita income also.
Digital India is one of the main schemes to prevent black money.
People who use bank channels for payment and receipt purposes, it has a chance to avoid black money.
Thank you for giving this opportunity to everyone.
Black money is money which is earned illegally and also avoids paying taxes. Mainly black money takes place in richer people. In this highly qualified professionals are provide service to avoid for paying taxes.
Professionals must be ethical in providing services to clients.
The government of India takes all measures to avoid black money but they are not executive effective.
Black money is one of the major financial problems in India. It causes the Indian economy, GDP and per capita income also.
Digital India is one of the main schemes to prevent black money.
People who use bank channels for payment and receipt purposes, it has a chance to avoid black money.
Thank you for giving this opportunity to everyone.
(2)
SASWATA DUTTA said:
5 years ago
India is a developing country and moreover, approximately 80% of people in India will fall under the category of middle class and poor class so they are mostly dependent on the government for getting the benefit of government services. But mostly they won't wait for tat, they have to use it quickly so that they will give some amount to the officers which lead to corruption. And also this forms a way to black money. Simply, black money is the money for which the taxes yet paid. If the people in India is honest in their work half of the black money can be abolished. Then eventually if the corruption is abolished the politicians and rich peoples who hide their money will be noticed and most of the black money could me abolish.
(61)
Arun said:
7 years ago
India is a developing country and moreover, approximately 80% of people in India will fall under the category of middle class and poor class so they are mostly dependent on the government for getting the benefit of government services. But mostly they won't wait for tat, they have to use it quickly so that they will give some amount to the officers which lead to corruption. And also this forms a way to black money. Simply black money is the money for which the taxes yet paid. If the people in India is honest in their work half of the black money can be abolished. Then eventually if the corruption is abolished the politicians and rich peoples who hide their money will be noticed and most of the black money could me abolish.
(42)
Sanu raj said:
7 years ago
Black money, a huge restrictor in the development of any country. It is the property which is earned by unfair means or illegal in the eyes of the government.
Black money has different faces, either in the form of gold, currency, foreign deposits, market shares or land. Some criteria are fixed for paying taxes inside the country but people do not follow it. Many businessmen hide their actual income in order to escape from taxes any keep their income as black money.
Corruption is also a big factor behind it. Recently, Panama papers leaked the big name whose black money is deposited in the Swiss bank.
In past years, the government has imposed GST and bring demonetization to take out black money and restrict it in India.
Black money has different faces, either in the form of gold, currency, foreign deposits, market shares or land. Some criteria are fixed for paying taxes inside the country but people do not follow it. Many businessmen hide their actual income in order to escape from taxes any keep their income as black money.
Corruption is also a big factor behind it. Recently, Panama papers leaked the big name whose black money is deposited in the Swiss bank.
In past years, the government has imposed GST and bring demonetization to take out black money and restrict it in India.
(10)
Sampada Dessai said:
4 years ago
Not Only the Politicians are responsible for the widespread of black money in India but also the businessmen and citizens who are not paying income tax are too responsible for the same. Corruption is the main basis of black money in India. The reason why India is still counted in a Developing nation is that its some citizens are not responsible and unfaithful to its motherland.
Now, what can be the solution to curtail this so-called Black money?
Well, corruption can't be curtailed completely, because it's just like a diabetic, you will be able to control in by taking insulin but not possible to get over it.
Stop giving and stop taking bribes and by staying faithful to your motherland by paying the income tax annually.
Now, what can be the solution to curtail this so-called Black money?
Well, corruption can't be curtailed completely, because it's just like a diabetic, you will be able to control in by taking insulin but not possible to get over it.
Stop giving and stop taking bribes and by staying faithful to your motherland by paying the income tax annually.
(21)
Sameer kumar sahu said:
4 years ago
Earning money by the illegal way is back money.
Black money in India is a serious problem. Corruption is happening at all levels of government and organization structure in the country which affects our country's economy badly. A few years ago, Modi Government launched "Demonetization" which was a noble move to curb corruption but it did not make a meaningful impact and now we need better methods to reduce the use of black money in the country.
We have found ways that do not negatively impact the economy of our country. A beneficial move would be to transition into digital currency which is more traceable and safe too and also environmentally friendly. It would not affect the country's economy instead do more good.
Black money in India is a serious problem. Corruption is happening at all levels of government and organization structure in the country which affects our country's economy badly. A few years ago, Modi Government launched "Demonetization" which was a noble move to curb corruption but it did not make a meaningful impact and now we need better methods to reduce the use of black money in the country.
We have found ways that do not negatively impact the economy of our country. A beneficial move would be to transition into digital currency which is more traceable and safe too and also environmentally friendly. It would not affect the country's economy instead do more good.
(33)
A.Deepika said:
7 years ago
Hai everyone I am Deepika,
Black money is one who did not pay the tax properly to the government. Most of the richest persons have much black money other than the white money. It is a illegal one. Such persons are respond to severe punishment. Then the government can't able to provide any suffecient offers for people. These will affect only the middle class and poverty peoples. Black money develop the richest persons going to rich and down the poor peoples going to down. So, avoid using Black money and paid the tax regularly. This will make our country to good and also we should provide the sufficent process to the poor peoples. It will make the poor people to get good development in our country.
Black money is one who did not pay the tax properly to the government. Most of the richest persons have much black money other than the white money. It is a illegal one. Such persons are respond to severe punishment. Then the government can't able to provide any suffecient offers for people. These will affect only the middle class and poverty peoples. Black money develop the richest persons going to rich and down the poor peoples going to down. So, avoid using Black money and paid the tax regularly. This will make our country to good and also we should provide the sufficent process to the poor peoples. It will make the poor people to get good development in our country.
(34)
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