According to a Swiss Banking Association Report (2006), "India has more black money than the rest of the world combined." India has stashed almost $1.456 billion in black money in Swiss banks.
Black money is income obtained by illegal activities that is not reported to the government to avoid income taxes.
See the related link for a report from the Times of Bombay.
there are 1,456billion$ black money in India
Kin pa black money ha mereko nam bat
Black money in India is $1,456 billion
only because of the black money kept in Swiss bank ......... 1500$ billion dollar is The total balance of India in Swiss bank. For more Info plz check out the link-Total black money in India.....And plz try ur level best to spread this thing to as maximum Indians u can..Thanxx....RegardsA Real IndianJAI HIND
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.
there are many black money holders in india or in the whole world.but i also don't knew names of them, sorry.
Plzz dont think that black money was not in the headline... If you want to over come from that.... I want to be the president of india..... Plz do something for me ............... Than i do for the country........... And i bit..... That black money will be converted into white money............ Than 1rs=5$
As mush as you want it to be.
in swiss bank there is 1.46 million black money no i means 2.45 millon
the use of tortise in india is for getting a lot of money doing black magic on it where the tortoise spills out money from its mouth.... hard to believe but its truee
india is very rich and the indian government is very big cheater they make money just for themself and therefore there is very high amount black money and i known that black money is wher ?
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.
Tax evasion is unfortunately the fuel boosting de black money in Indian economy.
No one in authority knows, or is able to confiscate it.