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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.

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11y ago

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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.


What explains how revenue is determined?

The total amount of money brought in by sales.


How much total black money in India?

there are 1,456billion$ black money in India


What is the total black money in India WHERE IS?

Kin pa black money ha mereko nam bat


Why did employees get payslip?

It shows your total income, the amount of reductions you have and the total amount of money left over


What is the total amount of money owed by customers to our business?

The total amount of money owed by customers to our business is the sum of all outstanding balances that customers have yet to pay.


What is the total amount of money owed to the business?

The total amount of money owed to the business is the sum of all outstanding debts or invoices that have not been paid by customers or clients.


What is the total interest paid on the principal amount borrowed?

The total interest paid on the principal amount borrowed is the additional money paid on top of the original loan amount as compensation to the lender for borrowing the money.


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.


What is the total black money present in India?

72lakshcrores


Where is the total prize money black caviar?

In ATM


How can India develop?

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