Black Money in India

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.

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.

Hi everyone my name is Veeramani.

Black money is one of the main issues faced by India. Black money also destroy the development of the country. In my point of view, main reason for black money is only a middle class people paying tax properly but some rich people do not pay tax correctly that mean they keep money in their home or invest in out side country. So, we for getting about past, we are the future of India, so do our work properly and don't expect extra money for work and follow the rules and regulation of govt.

Thank you.

* Earning money by the illegal way that is back money. Black money is example of corruption.

* Black money is a kind of illegal activities done by a corrupted person and is the way to gain money in unwanted works.

* The black money is accumulated by the criminals, smugglers, hoarders, tax-evaders and other anti-social elements of the society.

* Black money is the main problem of India. Which makes weak of the India.

* In my opinion, black money is basically rich people don't pay taxes on time and also hides a huge amount in their houses and also some people hide their money in foreign countries. The government don't get taxes on time so it increases the cost of needy things and poor people have to suffer.

* The root cause for the increasing rate of black money in the country is the lack of strict punishments for the offenders. The criminals pay bribes to the tax authorities to hide their corrupt activities.

* In my point of view, the main reason for black money is only a middle-class people paying tax properly but some rich people do not pay tax correctly that mean they keep money in their home or invest in out side country.

* So people have to submit their taxes on time so that no can suffer.

Hello friends.

As we all know that we are discussing Black monkey. Firstly I will tell you in my way! What is black money? I think black money is illegally earned money or another way the money which is earned through illegal activity. Black money is used by the rich in various evil activities.

India also earns black money. It is illegal that's why our Country Today is developing the country.

Black money is a curse. It must be rooted out of public life.

Thank you.

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.

Black money reduces our economy rate and that's why until this is a developing country.

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.

Hello everyone.

The topic given us is black money in India.

It is a very important topic for India.

First, we should know what is black money?

Black money is money that has no records to the government. And the black money holders do not pay tax to the government. They do not pay tax to the government so the economy of the country does not increase as it should increase. Black money also supports corruption and terrorism.

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.