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About: Indian black money     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialCrimes, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Crime100766234yago:Event100029378yago:PsychologicalFeature100023100yago:Wrongdoing100732746yago:YagoPermanentlyLocatedEntityyago:Transgression100745005yago:WikicatFinancialCrimes New Facet based on Instances of this Class

In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The black money is accumulated by the criminals, smugglers, and tax-evaders. Around ₹22,000 crores are supposed to have been accumulated by the criminals for vested interests, though writ petitions in the supreme court estimate this to be even larger, at ₹900 lakh crores.