Economy, asked by anoshkale07, 8 months ago

Explain the term black money​

Answers

Answered by ItsBrainest
1

Explain the term black money

Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed.

Answered by priyanshi0436
5

Answer:

Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed.

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