Question

What is black money and how it's produced

Answer 1

Answer:

jtxitzylxylsuldild and aia

Answer 2

Answer:

Black money is money earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed.

1) Illegal means: Criminal activities: Kidnapping, smuggling, poaching, drugs, illegal mining, cheating & scams Corruption: Bribes and theft by public officers. 2) Hiding income: Through legal activities: Income not reported to authorities to evade tax. It accounts for a major share of black money.