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10 Lines on Black Money in English | 5 Lines on Black Money in English | Few Important Lines on Black Money in English

 

10 Lines on Black Money in English | 5 Lines on Black Money in English | Few Important Lines on Black Money in English
10 Lines on Black Money in English | 5 Lines on Black Money in English | Few Important Lines on Black Money in English


Do you want to read 10 Lines on Black Money in English for kids and children? Then You are at the right place. Here you will read 10 Lines on Black Money in English and also 5 lines on Black Money in English language. If you have been given an assignment from school to write 10 lines on Black Money in english or 5 lines on Black Money in english then you can refer to the points given in the below article.

We have also created many such 10 Lines articles on our website for easy access to students of all classes.


10 Lines on Black Money in English Details

Material

10 Lines on Black Money /5 Lines on Black Money

Language

English

For

Students of any Class 1-12

Format

Text

Provider

Sheni Blog


10 Lines on Black Money in English

Students who are looking for 10 lines on Black Money in english then you can refer to the 10 lines written about Black Money below:

1) Black money is unaccounted money which obtained illegally.

2) Black money is generally in the form of cash, leaving no traces of its source.

3) Not paying tax to the government generates black money.

4) Disclosing income means the disclosure of one’s income tax returns; the undisclosed income generates black money.

5) Anybody, who is involved in smuggling or any other unlawful activity, will not disclose his income, making it black money.

6) Earning large income and paying very less amount as tax to the government is tax evasion and is also another form of black money.

7) It poses a serious threat to the economy as it will bring downfall to the economy of a nation.

8) Generally, rich people try to evade their money and do not want to pay tax.

9) It hampers the growth of a nation as the development gets affected due to the evasion of tax.

10) Black money is a creator of other issues such as smuggling, terrorism, human trafficking, prostitution, illegal funding, etc.



5 Lines on Black Money in English

Students who are looking for 5 lines on Black Money in english then you can refer to the 5 lines written about Black Money below:

1) Black money is the money skipped from the paying tax to the government.

2) Black money has two parts as money laundering and tax evasion.

3) Money laundering is hiding the sources of illegally earned money.

4) Tax evasion is when you earn more income but don't pay the right amount of tax to the government.

5) Generally, people hide their illegal money in foreign countries, where a very low or almost no tax is available.



Few Important Lines on Black Money in English

Also, these are few important lines on Black Money in English if any students require them.

6) It increases the flow of currency in the economy leading to inflation.

7) One of the illegal funding is the “Hawala Funding” whose sources are still not open. They come in use for financing terrorism and Naxalite activities.

8) Black money is also responsible for the inclusion of fake currency in the economy of a nation.

9) Money drives out as clack money through corruption.

10) Around 22000 crore of rupees are supposed to have been collected by players of black money in India.



How to Find 10 Lines on Black Money in English or 5 Lines on Black Money in English?

  1. Visit our website Sheni Blog.
  2. Now search for the main 10 Lines articles.
  3. Once on the main page search for the particular topic i.e Black Money.
  4. Click on the 10 Lines on Black Money in English page for complete assignment.

Conclusion on 10 Lines on Black Money in English

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FAQs Regarding 10 Lines on Black Money in English | 5 Lines on Black Money in English


Where can i get 10 lines on Black Money in English??

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Students on any class can get 5 lines on Black Money in english on this page above.
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