Black Money in India

Unpaid tax money is called black money or you may say the money that earned by illegal is called black money eg bribe is also a kind of black money. I think that there are a number of professions are in India where people can easily earn black money. Such as in govt offices, police, central govt etc.

In my point of view, Black money is the danger for our country it reduces economic growth.

We all know that in India all rich people becomes richer day by day because they do not pay taxes and they do illegal works to earn more money. They want more money and to become more richer then they do illegal works.

When rich person will pay taxes on correct time then he will also help poor person. The reason is that the extra money of rich people will be use by poor people then poor people becomes financially good and also all taxes will pay by rich people.

Black money is one of the major problem of any nation.

The money earned through by not paying taxes is termed as black money. The black money effects the growth any nation. The Abolishing of black money is responsible of every citizen by paying taxes on time. Black money not only corrupt nation but also increases sources for other illegal activities in nation.

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.

First of all, its our responsibility to help our government Our generation can only make a big change in the exposing of the person who involves in illegal work like black money.

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.

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.

Good morning all, today we are here to discuss the relevant topic of black money in India let us clear about the term what black money is, black money is the money of we all that should be paid to the Government as a form of Tax but it didn't, I really welcome the action taken by our PM Modi to ban 500 and 1000 notes that stunt really raised the first action against corrupt nation Congress from Year's they had looted in the rift, finally, we witnessed a new political era.

Good morning, afternoon, evening, friends,

Today, I want to come in light the major problem that has been faced by many countries all over the world "Black Money''.

Black money is the part of the personal assets of a person for which no taxes is paid. It is start with a single person and flourish worldwide. Its main cause is corruption. If corruption nipped in bud, black money reduced a lot.

I suggest many measures to abolish black money.

(1) By starting digital India campaign.
(2) A secure planning must have taken before demonetisation.
(3) A citizen of a country must have a single personal account in his own national and state banks.
(4) Transparency in a transaction.
(5) By bringing mutual agreement among different on account of citizen accounts in different countries state banks.

Thank you.