Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

black money

pugazhendhi (Accounts Assistant) (35 Points)

29 November 2008

Hello Club Members,

How to identify block money? what is the procedure of Block money? pls. explain

Reply
Follow
Share

7 Replies

CA Trinath Galla (student) (3130 Points)
Replied 30 November 2008

strange question?

how to find?

firstly its not block its black/

money on which taxes are not paid is cald black money?

n to find professionally juz find weder da taxes r paid r not

Upgrade to CAclubindia Pro. Subscribe Now!

Sunali (Learner) (1317 Points)
Replied 30 November 2008

yes..

The money..i.e. the income which is not accounted for while paying taxes...contributes towards BLACK MONEY..

and the professional competence of one identifies it..

chintan patel (Chartered Accountant) (211 Points)
Replied 30 November 2008

If u want more specific answer den i can telll u det d money which is not white is black money......

First think and den react to my answer

Vikram M. (Unemployed) (504 Points)
Replied 30 November 2008

You mean Procedure to obtain black money? Now there's an interesting question.

Sunali (Learner) (1317 Points)
Replied 30 November 2008

Originally posted by :chintan patel
"	If u want more specific answer den i can telll u det d money which is not white is black money...... First think and den react to my answer	"

gud one..!!

Upgrade to CAclubindia Pro. Subscribe Now!

CA. SUJAL MEHTA (Service) (3316 Points)
Replied 01 December 2008

Write specifically....

inder jain (Tax Author) (43 Points)
Replied 01 December 2008

Black Money is the money required by the businessmen & professionals to pay to netas, bureaucrats & gundas to get their RIGHT WORK done. It divorces the good men & lives with the bad men who utilize it for purchase of votes; purchase gold silver & diamonds; purchase immovable properties & for doing all those deeds that are a taboo in all religions. This money is BLACK as it is used for BLACK deeds.