Terms Beginning With 'b'

Black Money

  • January 15, 2020
  • Team Kalkine

The money generated from illegal activities is termed as black money. It is the money on which there is no tax paid to the government. For example, if a person buys any goods or services from a store and the shopkeeper gives no receipts against the product and services purchased such money is treated as black money because that person would not pay tax on the unaccounted sales.

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