Black money is income that is earned but not reported to the tax authorities, thereby evading tax liability.
Black Money means:
Asked in Research Assistant 2014 · Topic: Fiscal Policy & Revenue (Sources of Government Revenue: Tax and Non-Tax Revenue)
More Economic Development questions
- Which of the following is the least source of Income to Government of India ?
- Among the tax revenues of the Union Government, the most important single source is
- Which multilateral institution has launched an Asia Pacific Tax Hub, for better tax coordination among its members?
- The new scheme 'Pahal' by the Government of India is related to
- As per the Budget Estimates of expenditure on major subsidies during 2019-20, the maximum expenditure was likely to be on
- Which committee was set-up to suggest methodology for pricing of diesel and cooking fuel ?
- Government of India decides to decontrol petrol prices, Diesel, LPG, Kerosene prices. But what is decontrol ?
- Which of the following two statements is/ are correct ? a. Subsidies are akin to steroids as prescriptions. b. Steroids promise enduring cure.