Black Money and Tax Evasion in India: Magnitude, Problems and Policy Measures

Ms. Aanchal Gupta

doi:https://doi.org/10.17492/vision.v1i2.2429

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Black Money and Tax Evasion in India: Magnitude, Problems and Policy Measures

Aanchal Gupta

Vol 1, Issue 2, July - December 2014 | Pages: 129-131 | Book Review

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https://doi.org/10.17492/vision.v1i2.2429

Published Online: December 21, 2014

Author Details ( * ) denotes Corresponding author

1. * Aanchal Gupta, Assistant Professor, Deen Dayal Upadhyay College, University of Delhi, Delhi, India

Black money and tax evasion are eating into the social and moral fabric of Indian society. They are undermining the socio-economic objectives of India’s Five Year Plans. They are responsible for conspicuous and wasteful consumption, reduced savings, and increasing gap between the rich and the poor. Black money in social, economic and political space of the country has a debilitating effect on the institutions of governance and conduct of public policy in the country. Governance failure adversely affects the interests of vulnerable and disadvantaged sections of society. The success of an inclusive growth strategy critically hinges on the capacity of society to root out the evil of corruption and black money from its very foundations.

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