Black Money in India

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.

Hello everybody,

Black money is the main component of corruption. It is created or produced by every black business. It creates poverty in the country. It also causes poor people to become more poor and rich people gets richer.

It's a too terrible thing for individuals who work with their honesty.

A few years back after demonetization there lots of black money was caught through various ways. This will be one of the ways to reduce black money collection.

Hello everyone,

In India, a lot of black money is there but Indians deposit their black money in Swiss Bank about $1 trillion of black money is deposited by Indians there.

Many politicians and businessmen possess black money. Mostly black money taken by cash due to digitalization it's not possible to hide money from the government as the government keeps its eyes on everyone's account.

Black money is that money for which tax to the government is not paid and it is earned by illegal means.

Black money comes from corruption also.

Due to the increase in black money in our country gap is increasing between rich and poor day by day. Rich people become richer and the poor become poorer due to this.

Tax to the government is not paid for black money that's why India's GDP decreases due to an increase in black money.

Black money sometimes provided to illegal businesses and to some terrorist organizations.

After demonetization government thought that it will destroy black money but totally it's not successful somewhat black money is reduced in India.

Thanks!

Hello everyone.

I am Abhit, today we are here to discuss black money in India.

The main source of black money is the black market. Black money is that which is earned by illegal means or without paying of the tax. A large no. Of Indian deposits black money in Switzerland banks about $1trillon. So many business people store a large number of commodities at their store place, and after some time, when there is a deficiency of these commodities, they sell these at a very high rate. Black money is collected by a smuggler, criminal and politicians. Black is a big reason for poverty and corruption. A good step had taken by the government in 2016 in form of demonetization. Thanks.

Black money is money which asset by illegal works and bribe. In India, there is many illegal works by that many people earning a lot of money. And many businessmen and black money holders invest their money in foreign banks. It is also badly affected by the economy of India. Demonetization and Digital India program are the best steps taken by India govt which can reduce the black money and govt offer the black money holder to surrender their money it's 30% will be the tax and 70%of it will retain.

Black money means there is no paying the tax to collect and earn money. Black money reduces our GDP. It will reduce government income also. We are also responsible for black money because we are giving bribes for administration. It is the main cause of Black money. By this rich make, more rich and poor make poorer. To reduce the black money Indian govt start demonetisation.

Hi good morning to everyone.

Our topic is black money. Black money is money on which tax is not going to pay the government. There are 120 lack crore rupees of India is deposited in a swiss bank which is black money and from all over the world it is 5 trillion rupees in the swiss bank which is black money and there are many sources of income on which public is not paying tax to the government. GST implication is a step towards collecting taxes. All the rupees comes from corruption is also black money.

Good evening all of you.

Now, I would like to talk about the topic, which has been given to me.

In my opinion, black money like a horror reality of my country rich people is not paid the government tax.

And that effected on the poor people. They have mostly faced the hunger and indigent sorrow of their life.

Thanks.

Hello everyone.

Today we are going to discuss the black money. Black money means people who have gathered their money without pay taxes. For this reason, we are still developing country not developed country. Our country has approx 6% original taxpayers. For this reason, the government is not capable to make more plane to reduce the poverty and also our GDP going reduce day by day. We should be an honest taxpayer to develop our country otherwise richer will be richer and poor will be poorer.

Thank you.

Hi guys, we all are discussed here the term black money.

According to my opinion, we are Perpetrators of this scenario that why black money runs in the market because everyone busy in blaming one another than to try to overcome the problem if we individually think and make a resolution that we do not take and gives bribe then we will get rid of quickly from this situation.