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