Black Money Paragraph for class 5 /6 /7 /8 /9 /SSC /HSC | Essay on Black Money
Essay on Black Money –
Introduction: Black money means a kind of make money earned in an illegal way. It also refers to various types of unaccounted money earned or gained due to tax evasion graft, smuggling, non-payment of legal taxes and misconduct of business, trade, and commerce, Earning money in the most dishonest way is black money.
Its Menace: The black money menace has strong domination over the country of Bangladesh for more than two decades. The growth of business all over the country of Bangladesh and an orientation towards the free marketing system of some goods and articles have brought the issue at the top priority in the agenda of our policymakers.
The black money is also referred to as a paralleled money and it works very seriously under the white economy of the nation Now the country of Bangladesh has fallen a serious victim to it. The amount of black money in the country of Bangladesh is about 21% out of our national income.
Sources of black money: There are many kinds of sources of black money in the country of Bangladesh. Illegal income earning from the sale commodities is one of the sources because the prices are beyond the gifts. controlled prices. quotas and regulations with respect to these goods.
The black money results from man’s tendency to earning more, enjoying a luxurious life, building high rising buildings and rapaciousness. The living standard in western countries is high. The rich Bangladeshis and middle income-generating people intend to cope up with them and as a result, they Strive hard to increase their income by any means.
Everyone under the sun wishes to be happy and prosperous by hook or by crook. On the other hand, the taxation structure does not favor the businessmen and the corporate sectors as well.
Political uncertainty, election, clemency in dealing with the offenders and corrupted govt. officials perpetuate the causes which lead to the generation of black money from legal money.
The ordinary and common people are unaware of income taxes, laws and the procedures of saving Income tax while the rich and the shrewd tax payees are quite able to The govt. officials, accountants, CAs, businessmen, and anti-social elements join hands and devise efficient ways of evading taxes. Hindrances to
It is a stumbling block to the process of economic reformation. It extremely affects the social, economic, cultural and political systems of the country. It is a giant barrier towards the healthy and overall development of the nation.
development: Black money is one of the hindrances to our national income tax. The black money earner is a national enemy. Greed always deviates man from the path of honesty and truth. It makes a man unpatriotic or a traitor. The black money earners are held in very high esteem in society but they have no morality, human virtue, the room in heaven etc
Its Influence: Black money has influence over many kinds of things. A black money earner does not care anybody for anything. He takes challenges on his neighbors over anything. He is ready to do anything in any way. He pays no respects to anyone in any case.
Conclusion: Black money is illegal to make money earned in illegal ways. It tells extremely about the economic development of the country. So, we should abstain from such crime as can destroy society like cancer.
Introduction: Black money means a kind of make money earned in an illegal way. It also refers to various types of unaccounted money earned or gained due to tax evasion graft, smuggling, non-payment of legal taxes and misconduct of business, trade, and commerce, Earning money in the most dishonest way is black money.
Its Menace: The black money menace has strong domination over the country of Bangladesh for more than two decades. The growth of business all over the country of Bangladesh and an orientation towards the free marketing system of some goods and articles have brought the issue at the top priority in the agenda of our policymakers.
The black money is also referred to as a paralleled money and it works very seriously under the white economy of the nation Now the country of Bangladesh has fallen a serious victim to it. The amount of black money in the country of Bangladesh is about 21% out of our national income.
Sources of black money: There are many kinds of sources of black money in the country of Bangladesh. Illegal income earning from the sale commodities is one of the sources because the prices are beyond the gifts. controlled prices. quotas and regulations with respect to these goods.
The black money results from man’s tendency to earning more, enjoying a luxurious life, building high rising buildings and rapaciousness. The living standard in western countries is high. The rich Bangladeshis and middle income-generating people intend to cope up with them and as a result, they Strive hard to increase their income by any means.
Everyone under the sun wishes to be happy and prosperous by hook or by crook. On the other hand, the taxation structure does not favor the businessmen and the corporate sectors as well.
Political uncertainty, election, clemency in dealing with the offenders and corrupted govt. officials perpetuate the causes which lead to the generation of black money from legal money.
The ordinary and common people are unaware of income taxes, laws and the procedures of saving Income tax while the rich and the shrewd tax payees are quite able to The govt. officials, accountants, CAs, businessmen, and anti-social elements join hands and devise efficient ways of evading taxes. Hindrances to
It is a stumbling block to the process of economic reformation. It extremely affects the social, economic, cultural and political systems of the country. It is a giant barrier towards the healthy and overall development of the nation.
development: Black money is one of the hindrances to our national income tax. The black money earner is a national enemy. Greed always deviates man from the path of honesty and truth. It makes a man unpatriotic or a traitor. The black money earners are held in very high esteem in society but they have no morality, human virtue, the room in heaven etc
Its Influence: Black money has influence over many kinds of things. A black money earner does not care anybody for anything. He takes challenges on his neighbors over anything. He is ready to do anything in any way. He pays no respects to anyone in any case.
Conclusion: Black money is illegal to make money earned in illegal ways. It tells extremely about the economic development of the country. So, we should abstain from such crime as can destroy society like cancer.
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