Black money refers to money deposited in foreign banks by Indian citizens. In 2011, it was reported that 2.18 billion Swiss francs were held by Indian individuals and business in Swiss banks.
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.
27,500
20 trillion
either surplus or deficit :p
It's National Income.
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.
The total amount of money brought in by sales.
there are 1,456billion$ black money in India
It shows your total income, the amount of reductions you have and the total amount of money left over
Kin pa black money ha mereko nam bat
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.
What is the total amount of money owed if $1,250 was borrowed for four years at 3.5% interest?
In ATM
72lakshcrores
only because of the black money kept in Swiss bank ......... 1500$ 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
amount of money summed up to a grand total basically.
the total amount of money earned after all withholdings