72lakshcrores
there are 1,456billion$ black money in India
Kin pa black money ha mereko nam bat
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
The total amount of corruption money in India is difficult to estimate accurately as it is largely unreported and varies over time. It is widely acknowledged that corruption exists at various levels of Indian society and impacts its economy and governance. Efforts are being made by the government and civil society to address corruption through anti-corruption measures and policies.
four
lakhs of rivers
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.
India is the best in the world China has a much larger GDP and money in total.
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.
In ATM
Infinity100 crore
3.5 %