Black Money

Black Money

Black Money

Black money is funds earned on the black market on which income and other taxes have not been paid. The unaccounted money that is concealed from the tax administrator is called black money.

Causes of Black Money

Several sources of black money are identified as causes.

1. Shortage of goods

2. Licensing proceeding

3. Contribution of theindustrial sector

4. Smuggling

5. Tax structure