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How do you control black money?

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Anonymous

12y ago
Updated: 8/19/2019

we can control black money by making our administration more strict and sending jail to them who do at leat a little corruption because little little makes more and most.............................................

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Wiki User

12y ago

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Is there any way to control growing black money in INDIA?

ride all main political leader house and arrested


When was Black Money created?

Black Money was created in 1966.


How black money stored?

Black money is something used in India. It is what money that is earned on the black market is called. This money is often stored in Swiss banks.


How black money is produced?

When a person does not declare his total earning correctly to avoid income Tax or other duties the money becomes black money. Bribe Money is also considered as Black Money.


How much total black money in India?

there are 1,456billion$ black money in India


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Black money in India is $1,456 billion


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No Control - Eddie Money album - was created in 1982-06.


How do you get this black money out?

Use a black cash machine.


What is dye money?

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How do you convert white money into black Money?

Black money is Total money minus White money. White money is Total money minus Black money. In todays India everyone have lots of Black Money with them. It is common phenomenon that most of the people converts or they want to convert their Black Money into White Money. 1. Black money can be convereted into White money by donations to PM funds, National emergency fund, Forming educational institutions and trusts. 2. Go to a Jeweller and give him the amount of Black money you want to convert it into White money. He would give you a Cheque back for the same amount less 4%. He would give you a Reciept to show that you have Sold Jewellery to him. On the amount of the cheque when you file your returns you will have to pay capital gain tax. The money is White now.