Income that is not reported to a government in order to evade taxes.
Income that is not reported to a government in order to evade taxes.
In India, the government faces the issue of combating black money stashed overseas.
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In Indian informal and business parlance, 'white money' refers to money that is declared, taxed, and circulates legally — as opposed to 'black money,' which is undeclared cash from unreported income or corruption. The white/black distinction is a central part of Indian economic conversation around taxation, corruption, and the informal economy. The term is especially prominent in discussions around demonetization and tax policy.
(India) Money that circulates legally.
Money obtained in a devious or sneaky manner.
The business generated by providing goods and services to the gay community.
(India) Money that is obtained illegally, especially that which circulates outside the formal financial system in the underworld.
Demonetization — or the withdrawal from use — was one of a package of measures recommended by a Government committee that investigated the problem of “black money” — money acquired through illegal transactions and kept hidden from tax au…
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