Black Money: Understanding Laws, Penalties, and Strategies for Compliance
Black money refers to undisclosed income that evades taxation, leading to legal and financial repercussions. Governments enforce strict laws to curb tax evasion and money laundering. Businesses and individuals must ensure compliance with tax regulations, report income accurately, and seek expert guidance to avoid penalties and legal action related to undisclosed assets. https://masterbrains.co.in/pml....a-benami-transaction