The main aim of this presentation is to know

the present status of black money & its future

challenges it could do the society. It also
includes sources from where black money is
generated and where it is used at different
levels.

What is black money

According to National Institute of Public Finance and Policy
(NIPFP) defines
Black Money is the aggregate of incomes which are
taxable but not reported to authorities.

Black money refers to funds earned on the black market, on

which income and other taxes are not paid.
Any money that a person or organization acquires illegally.

Reason of black money

Main causes of generation of black money-:
It is earned the money Illegal means such as drug
trafficking, weapons trading, terrorism, selling
counterfeit or stolen goods etc.
The main cause of black-money is high rates of taxes
which strain human nature.
Tax-laws in country are so complicated that a
layman fails to understand it.

Reason of black money

Black money also arises from political
activities such as elections where candidates
spend well above the ceiling prescribed by the
Election Commission.
Inflation is also cause of arise black money.

Reason of black money

Hiding income through Legal activities i.e. not
reported to public authorities or we say to the
govt. for the purpose to evade taxes.