Author: TauhidRahaman82

1. What Is “Black Money” — Legal-Context Understanding As before, “black money” refers to income or assets (domestic or foreign) that are not disclosed to authorities — thus escaping taxation, regulatory oversight or legitimate traceability. Legally, depending on the facts, black money may amount to: Indian law does not have a single “black money statute.” Instead, a web of statutes — tax laws, special anti-benami laws, money-laundering laws, and enforcement machinery — address different aspects of the problem. 2. Domestic Undisclosed Income / Unexplained Credits — Income-Tax Act, 1961 (ITA) Key Provisions Section 68 — Cash Credits “Where any sum…