0 money that is earned illegally, or on which the necessary tax is not paid --
1 money that is made from illegal trade or criminal activity: --
Another cause of black money, the report finds is the high transaction costs associated with compliance with the law.
The income tax department has confirmed that at least three of his relatives had held a large amount of black money.
Opaque and complicated regulations are other major disincentive that hinders compliance and pushes people towards underground economy and creation of black money.
Public support for reforms and compliance are necessary for long term solution to black money.
He always robs the black money from rich persons and spends it for the education of orphans and for a good cause.
The income tax department confirmed recently that at least three of his relatives had held a large amount of black money.
Created mass movements in various areas from water availability and conservation to land development issues to curbing black money to prevention of corruption.
A well-known personality has been helped to launder black money.
