Curriculum Black Money in India
Black Money in India
What black money is and how India tries to fight it: sources of undeclared income, cash in real estate and weddings, hawala, round-tripping through tax havens, benami property, black money after demonetisation, the 2015 Black Money Act, shell companies, digital payments and tracking, and a recap.
- What Is Black Money? What black money means, how it differs from money earned illegally, why it hurts tax revenue and fairness, and why its size is hard to measure. 📄 Read-aloud
- Where Black Money Comes From How under-reporting of sales, inflated expenses, bribes and political funding generate black money, and why cash-heavy sectors are most affected. 📄 Read-aloud
- Black Money in Real Estate How property deals in India historically involved an unrecorded cash component, why circle rates were set, and how rules have tried to reduce cash in property. 📄 Read-aloud
- Hawala: Money Without Moving How the hawala system transfers money across borders through trusted brokers without moving money, why it's used, and why it's illegal in India. 📄 Read-aloud
- Round-Tripping and Tax Havens How Indian money sent to tax havens like Mauritius returned as foreign investment, the Mauritius treaty loophole, and its 2016 amendment. 📄 Read-aloud
- Benami Property How benami property is held in someone else's name to hide the real owner, and how the Benami Transactions Act of 1988, strengthened in 2016, targets it. 📄 Read-aloud
- Black Money in India: Checkpoint 1 Quick checkpoint - five questions on black money, its sources, real estate, hawala and round-tripping. 5 questions
- Black Money After Demonetisation How demonetisation in 2016 aimed to destroy black money held in cash, why about 99% of notes returned to banks, and what that showed about how black money is held. 📄 Read-aloud
- The Black Money Act of 2015 How the Black Money (Undisclosed Foreign Income and Assets) Act of 2015 targeted money hidden abroad, its one-time disclosure window, and international information sharing. 📄 Read-aloud
- Shell Companies How shell companies with no real business are used to launder money through fake transactions, and India's 2017 drive striking off over two lakh companies. 📄 Read-aloud
- Digital Trails and Tax Data How UPI, PAN-Aadhaar linking, GST data and the Annual Information Statement make transactions traceable and reduce the room for black money. 📄 Read-aloud
- Political Funding and Black Money How cash donations to political parties fuelled black money, the electoral bonds scheme of 2018, and the Supreme Court striking it down in February 2024. 📄 Read-aloud
- Black Money: Recap A recap of black money in India and the tools to fight it. 📄 Read-aloud