Business Studies, asked by manishyes4115, 11 months ago

a charted accountant advised his client how to convert black money into white money and also guided him to save income tax by hiding his income. in his act justified

Answers

Answered by rahul835424
0

black - marketing perform by chartered accountant and client by also be a unlawful as it is void.

Answered by mindfulmaisel
3

The process of converting black money into white and also saving income tax by hiding income is an illegal process.  

EXPLANATION:

People have a lot of black money which is money generated but has not been taxed. It could be earned through legal or illegal manner. The black money is generally kept away and not declared.

It can be used in many ways like purchasing property or any other form of purchase which involves large amounts of monetary transactions.

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