What is BLACK MONEY? | How to earn Black Money? | काला धन | PART 1

Black money Part 2 -    • What is BLACK MONEY? | How to earn Bl...  
Money Laundering -    • How MONEY LAUNDERING is done?| What a...  
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MEANING OF BLACK MONEY AND WAYS TO EARN IT.

What Is Black Money?
BLACK MONEY IS THE MONEY ON WHICH TAX ISN’T PAID. IT CAN BE EARNED THROUGH VARIOUS MEANS LIKE-
1. Earned from legal means but hide it from government and didn’t pay tax.
2. Earned from an illegal means and therefore no question of tax payment arises.

In this video we have covered the second aspect of it. 1st will will be covered in upcoming videos.

Black money is money 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.

How Black Money Works
In its simplest form, black money is money on which tax is not paid to the government.
A store that accepts cash for its merchandise and does not issue receipts to its customers will be transacting in black money, as it would not pay tax on the unaccounted sales. Furthermore, a property buyer who purchases land valued at $200,000 from which $50,000 is reported on the books and $150,000 is paid under the table to the seller, will have transacted in black money worth $150,000. The sellers in both examples have earned money from legal sources but evaded taxes.

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