Two scenarios witch lead to generation of Black Money:
In first scenario, the money may have been generated through illegitimate activities not permissible under the law, like crime, drug trade, terrorism,and corruption, all of which are punishable under the legal framework of the state.
In the second scenario, wealth may have been generated and accumulated by failing to pay the dues to the public exchequer in one form or other. petrator could be legi In this case, the activities undertaken by the per timate and otherwise permissible under the law of the land but s/he has failed to report the income so generated, comply with the tax requirements, or pay the dues to the public exchequer, leading to the generation of this wealth.
