Question

what a short note on black money

Answer 1

Money is the medium of transaction in the present civilized societ­ies. It is present today in two forms apparent and hidden.

In its first form it is legal and it is open for taxation. In the second form it is illegal and is not exposed for taxation.

The black money is the result of the activities of dishonest per­sons. It is the offspring of cunningness and underhand policy. Hence it is underhand earning. It is unaccounted money. It is evaded money. Hence it is calledblack money.

Answer 2

Black money is money which is earned through any illegal activity controlled by country regulations. income and taxes will not be paid on this money. black money is both an economic and social problem. it has damaging effects on country's economy and nation's planning development. the illegitimate source of black money is bribe, smuggling, black-marketing etc.