Malathi purchased a house through an agent. The agent accepted the commission amount in cash but did not issue a receipt to her.

Question

Malathi purchased a house through an agent. The agent accepted the commission amount in cash but did not issue a receipt to her.

Identify and explain the concept from the given illustrations:

Monjur Alahi

6 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

Black money.

Money that is received in cash but not accounted for and on which tax is not paid to Government is called Black Money. In the above case, the agent did not issue a receipt to Malathi, hence it will be a case of Black money.

6 views Answered 2023-02-05 15:29