black money

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omkar m bhat (Querist)
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24 March 2011 hi pls suggest me what does black money means?... black money only consist of tax unpaid or will the money incurred from the theft also comes into the account?
how to audit black money?
if black money s converted into white money then wt entry v hav to state in the books of accounts and where it will be accounted?... is there any accounting standards or IFRs dealing with conversion of black money to white money? help me out friends

CA Madhu Soodan Tapuriah

CA Madhu Soodan Tapuriah (Expert)
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27 March 2011 it seems that either you are a CA or pursuing that course because you have asked how to AUDIT the black money.

please try to maintain the diginity of this platform as well as of the ICAI.

do not throw such silly question