05 30

Essays about black money

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Black money essay in english - mGage India

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essays about black money

Money is the medium of transaction in the present civilized societ­ies. It is present today in two forms apparent and hidden.

In its first form it is legal and it is open for taxation. In the second form it is illegal and is not exposed for taxation.

The black money is the result of the activities of dishonest per­sons. It is the offspring of cunningness and underhand policy. Hence it is underhand earning. It is unaccounted money. It is evaded money. Hence it is called black money.

Black money as a matter of fact came into being during the Sec­ond World War. During war-time government imposed control on cer­tain commodities.

It gave good opportunity to people to make big prof­its. Since then it has been increasing from year to year. At present according to the Government sources, the figures of black money have gone upto 22000 crores in our country.

Black Money

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It is an essential duty of the Government to take necessary steps to check the growth of black money. Such steps are necessary in the inter­est of the whole society. The Government can take the following steps:

1. Public conscience should be sufficiently aroused against anti­social elements. The anti-social elements are hoarderers, black- marketeers, tax-evaders, smugglers, speculators and other people who take pleasure in such anti-social activities.

2. Tax evasion should be checked by plugging loop-holes in tax system.

3. The tax administration should be made fit to increase the taxes.

4. The tax rates should be made helpful to some extent in solving this problem. For this purpose tax rates should be lowered.

Tax rates should be such as may encourage the tax payers to pay taxes gladly. At present the attitude of tax department is negative towards tax pay­ers. In future it should be positive and brief, the tax payers should not resist against authorities.

5. Further our economy should be corrected. Concentration of wealth has resulted on account of two factors-

(i) tax avoidance or eva­sion,

(ii) The way in which our economy has been operating.

In spite of five decades of planning, concentration of wealth has increased. This increase of wealth in the hands of few persons has encouraged more black money, black marketing, smuggling etc.

Voluntary disclosure scheme has helped a lot. However, the co­operation of the public specially of businessmen is very much required.


  1. Vupovasoboh

    This thread is nothing but positivity about a black young man in the making, I LOVE IT!

  2. Vewoponupo

    Josh: post pic on Instagram about running shoes that happen to be red and black Bex: sheith confirmed

  3. Goboveter

    Our dept has a teaching staff of about 25. Only 2 female ( 1 is leaving btw ) , 1 black male and the rest white, male mostly Afrikaans. 0 BW

  4. Yexedot

    He"s England under21s number 1, How have you found a way to be negative about this signing????

  5. Cobolek

    That makes zero sense. No one said anything about economics, but what did Bernie do economically fir black people in Vermont?

  6. Kewodegoq

    Education about all faiths and religions is important for all, especially the next generations, learn to respect and look out for each other

  7. Tovuvugixu

    Who is Carl Niehaus to lecture us as black people about white monopoly capital, I can only listen my CIC President JS Malema

  8. Hegoyoge

    The kardashians do something stupid and y"all forget about it a week later. They do something stupid again y"all act shocked mad.

  9. Duwujoxa

    I"m about to call on ft pick up oo

  10. Wemalig

    Speaking about Tarot: Witch of the Black Rose 103, from , for

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