Category: Economic Offence

blog2
19
Jun

Black Money, The Name and the Shame

In India, Black money refers to income earned on the black market i.e. an income on which income tax and other taxes have not been paid. Black money is one of the major problems of Indian economy, as it gives us the false picture of economy. It affects the revenue of economy has negative impacts on the fiscal system. Black Money evokes inequalities in the system leading to lesser Tax collection an....