Economy, asked by ksrivishnu2018, 5 months ago

what is meant by black money?

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Answered by Rhea04

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.

Answered by Anonymous

Answer:

Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. ... Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering

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