Question

what is meant by' harness black money"

Answer 1

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The sellers in both examples have earned moneyfrom legal sources but evaded taxes. The most common source of black money is illegal meansthrough the black market or underground economy. ... Most black money holders attempt to convert the money into legal money, also known as white money.

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Answer 2

Black money is money which is 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. 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.