Black money

Black money:-

Black money:-

Introduction:-

Income earned surreptitiously an not reported to the government in an attempt to avoid paying taxes on it.

The main cause for the black money is unrealistically high rates of taxes.The raise in cost of living is due to not paying proper taxes to the country

In order to fulfill the needs , the person is trying to earn the more money by illegal activities

Black money also arises from political activities such as elections where candidates spend lots of money.

The value of property is shown to be very low in the documents where it has very high value in the actual transaction.

Real property Showed property

The black money is also earned by gifts , hawala transactions and illegal foreign exchange deals.

Explanation:-

How black money is created :-• After independence most of the political

leaders are actually drenched in corruption• The officers administrative do work for the

people get briber on a large scale .such briber also given to political party in power .

• In this way illegal money is created

people tendency towards physical happiness:-

• Day to day the tendency of people of our country being towards physical happiness and enjoyments

• People adopt illegal methods to increase the expenditure so black money is created

Devaluation of property:-

• In our country selling and purchasing are honestly done the tax is required to be paid on a large scale.

• In order to avoid this tax shows less during the selling and buying business. black money is created

TOP FIVE BLACK MONEY COUNTRIES:-• INDIA $1,456 BILLION

(NEARLY 76,00,000/- CRORES)

RUSSIA $470 BILLION

U.K. $390 BILLION

UKRAINE $100 BILLION

CHINA $96 BILLION

Category 10

200

400

600

800

1000

1200

1400

1600

INDIA RUSSIAUKUKRAINECHINA

ONLY FIFTEEN PERCENT OF THE TOTAL POPULATION HAVE BEEN ABLE TO ENJOY HIGHEST STANDARDS OF LIVING

Sales

poorrichmiddle class

“WE SHOULD DISCLOSE OUR REAL INCOMES AND MUST PAY TAXES REGULARLY”.

“ONLY HONEST PERSONS CAN SAVE OUR NATION”

Conclusion:-

Black money is harming our national economy

WHAT IF BLACK MONEY COMES BACK?

• The black money reserves are 13 times greater than our foreign debts and we can clear them.

• 45crore BPL population can be given 1 lakh per head.

When it is used in infrastructure side:

• We can lay lakhs of Kilo Meters roads from Delhi to Galli.

• We can lay railway lines• We can create employment for lakhs of

unemployed youth.• Every village can be given 4 crores and

they can be turned into metropolitan villages

The question arises to all people why Indian government is not taking any action on corrupt

people?

• The only answer is that our govt. is working under the influence of the politicians and industrialists who have huge deposits in SWISS BANKS.

• They can’t expose their own people.

The only way to return black money is changing the govt. and youth who has passion towards the development of India will enter into politics.

THE POOR MAN HAS BEEN BECOMING THE POORER ,RICH THE RICHER JUST BECAUSE OF THE ECONOMIC ILLS LIKE

BLACK MONEY

PPT SUBMITTED BY

Bukke uday naikBhagavan reddy

RevathiUnder the guidance of

Dr.M.ravichand,Mr.P.venkateswarulu,Assistant professor,

Department of GEBH.

PPT SUBMITTED BY

Bukke uday naik

Bhagavan reddy

Revathi

Under the guidance of

Dr .M. ravichand sir,

Mr.P.venkateswarulu sir,

Department of GEBH