_______ money is that money received in cash but not accounted for and on which tax is not paid to government. *
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black money are that money
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The term is Black money.
- It is the considerable money made on the illegal market and is not subject to income or other taxes. It refers to mislaid funds that are intentionally hidden from the local tax authorities.
- The underground economic activity proceeds are normally paid in cash and hence are uncharged.
- The prime examples from where black money rises are terrorism, selling prohibited commodities, and specific drugs or gun-running.
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