What is Black Money ?

Question 1

1.

Counterfeit Currency

2.

Illegally earned money

3. Money earned through underhand deals
4. None of the above

Question 2

Correct Answer - Option 2 :

Illegally earned money

The correct answer is Illegally earned money.

In India, money earned through illegal means is called black money or in other terms can be said more money earned than the tax limit but tax is not paid.
Even if they pay taxes, the taxes are not in the correct proportion of their income.
The illegal activities that can lead to black money generation are crime, corruption, non-compliance with tax requirements, complex procedural regulations, money laundering and smuggling.

Karanrawat · Answer 1 · 2022-03-01T18:22:41+0000

Correct Answer - Option 2 :

Illegally earned money

The correct answer is Illegally earned money.

In India, money earned through illegal means is called black money or in other terms can be said more money earned than the tax limit but tax is not paid.
Even if they pay taxes, the taxes are not in the correct proportion of their income.
The illegal activities that can lead to black money generation are crime, corruption, non-compliance with tax requirements, complex procedural regulations, money laundering and smuggling.

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