Black money
This query is : Resolved
Saraswathi
(Querist)
17 October 2013
What is black money and how it will be quantified?
18 October 2013
It is money which is unaccounted for
and untaxed cash generated by dealings
in a black economy, black market, or
organized crime. Holders of black money
try to convert it into legitimate ('clean'
or 'white') money through money
laundering.
and untaxed cash generated by dealings
in a black economy, black market, or
organized crime. Holders of black money
try to convert it into legitimate ('clean'
or 'white') money through money
laundering.
Ganeshbabu K
(Expert)
18 October 2013
black money means income for which you have escaped from tax
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