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Indian Journal of Finance

ISSN: 0973-8711 Frequency: Monthly Peer Review: Double-blind Published since: 2007 Language: English
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Original Article

Open Access Original Article

An Analysis of Black Income in India

Ritika Aggarwal1

1 Assistant Professor, Department of Economics, PGDAV College, University of Delhi, Ring Road, Nehru Nagar, New Delhi -110 065

Volume 11
Issue 5
Pages 19–29
Year 2017
Received: March 1, 2017 Accepted: April 22, 2017 Published: May 1, 2017
Abstract

Black income comprises of a very significant and fast growing element of India's economy. The various social, political, and economic consequences of black operations are very serious and have already affected most walks of life and economic activities. This paper tried to explore the various types and sources of black income in India, in light of the current government schemes to control black income generation. Unlike other studies, it did not restrict itself to an examination of the evasion of personal income tax only, but covers a much wider territory, going from evasion of excise and custom duties to smuggling. It also provided rough estimates of black income over the period of mid-1950s to the present.

Keywords Black Income Tax Evasion Smuggling Bribery Income Tax
How to Cite

Ritika Aggarwal (2017). An Analysis of Black Income in India. Indian Journal of Finance, 11(5), 19–29. https://doi.org/10.17010/ijf/2017/v11i5/114246

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