To avoid paying taxes on it, “black money” refers to any form of income that not declare to the government. This may include earnings that were lawful but concealer to avoid taxation. Black money consists primarily of financial proceeds from unsavory commercial dealings. As a result, they pay no taxes. If you are given money […]

The government can print paper currency without incurring significant additional costs. The costs of producing valuable metals, transporting them, and purifying them contribute significantly to the high price of minting metallic money. However, both ink and paper are essential components of paper currency. This allows the printing of bills with a face value of millions

What we call “fiat money” is currency that the government “gives out” by decree or coercion. Money refers to the bills and coins that citizens of a country obligate by law to accept as legal tender. Money printed on paper that cannot exchange for other forms of currency or valuables say to be “inconvertible paper

A stable monetary system will ensure that the value of the currency remains constant in relation to those of other markets. Because it contains the same amount of foreign cash as local currency, it should be able to purchase the same quantity of goods and services in nations where it is not legal tender. The

“Black money” flourishes in environments where tax officials are corrupt, tax fraud is commonplace, and unlawful financial activities tolerate. Take the case of a man who sells his apartment for 1 million taka and receives 70 lakh taka in cash and a check for the remaining 900,000 taka. In the course of this transaction, Tk30