Money accumulated by way of illegal transactions without declaring it for tax purposes.
Income, as from illegal activities, that is not reported to the government for tax purposes.
Now a days black money is increasing in all countries and maitaining their accounts to shift their transactions in the swiss bank.
Keeping black money is a "CRIME" according to all country goverments.
So, goverment has given a statement to stop making black money and pay the tax to the goverment accordingly
Income, as from illegal activities, that is not reported to the government for tax purposes.
Now a days black money is increasing in all countries and maitaining their accounts to shift their transactions in the swiss bank.
Keeping black money is a "CRIME" according to all country goverments.
So, goverment has given a statement to stop making black money and pay the tax to the goverment accordingly
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