answersLogoWhite

0

How black money is produced?

Updated: 1/23/2023
User Avatar

Wiki User

13y ago

Best Answer

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.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How black money is produced?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is there any impact of black money in Indian market and what are the causes?

Black money creates a false sense of prosperity as spending increases. In reality the money is produced by crime and can't be applied to help the economy at large.


What element is black and is produced when there is incomplete burning?

Carbon is the element that is black and is produced when there is incomplete burning.


What do you call illegally produced money?

Counterfeit money


How is money produced?

from the Ongatago Money trees in Fiji


Who produced the 'Black and Yellow' music video?

The music video for Wiz Khalifa's 'Black and Yellow' was produced by Bill Paladino.


Who produced song humps by black eyed peas?

It was produced by Will i am and co-produced by rest of group too!


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.


Are black and white a color?

Yes. White is produced by the reflection of all colored light, and black is produced by the absorption of all colored light.


What is a black bag?

A black bag is a black plastic sack produced for the disposal of household waste.


What colour is produced when mixing red plus blue plus yellow plus green plus white and black?

A weird shade of black is produced:


How much total black money in India?

there are 1,456billion$ black money in India