What is Black Money Black money is funds obtained illegally where other income and taxes have not been paid. Countless money illegally hoarded and hidden from the tax authorities is also called black money. So, it is important that a person does not save money, jewelry or anything that is not mentioned or not announced When did the attack occur? Income tax attacks, which are technically known as the Search and Foreclosure process, are one of the important weapons that the Income Tax department must have to check for black money. Credible tax evasion information; for example, any avoidance that comes out of a report received from the Intelligence Wing from the Income tax department Information comes from government departments Information is obtained from taxpayer assessment records The information received is related to expenditure that is not proportional to the income of the taxpayer, which is an example of wasteful expenditure without income that is suitab...
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