Measures to Tackle Black Money in India and Abroad

Measures to Tackle Black Money in India and Abroad

Sources of Black money in India: The major sources from which black money are generated are through corruption, business and crime activities. The illegal arms trade, drug trafficking, counterfeit currency, human trade for sexual exploitation and other purposes etc falls within the ambit of Black money. In fact the term is so exhaustive that broadly if the money breaks laws in its origin, movement or use, and is not reported for tax purposes, then it may be assumes as black money The liberalization and globalization has widened the scope and nature…

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