black money
/ˌblæk ˈmʌni/noun
उच्चारण ब्लैक मनी
काला धन
Core word
noun
- 1
[U]
money earned illegally, or money on which tax has not been paid, and which is therefore hidden from the government
काला धन
- The government launched a drive against black money.
- Property deals in cash are a common way of hiding black money.
- The raids uncovered a large amount of black money in the builder's office.
+ 2 more examples
- Black money harms the economy because the government loses tax.
- Demonetisation was meant to reduce black money.
?Which word?
Do not confuse black money (income hidden from the tax authorities) and money laundering (the process of making such illegal money appear to come from a legal source).
Black money (कर अधिकारियों से छिपाई गई आय) और money laundering (ऐसे अवैध धन को वैध स्रोत से आया हुआ दिखाने की प्रक्रिया) में भ्रमित न हों।
✓In the exam
General knowledge
India passed the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act in 2015.
भारत ने 2015 में Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act पारित किया।