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Abstract
Tax evasion in India is a genuine undertaking and for any defaulters or fraudsters, the Income-Tax Act accommodates sufficient repercussions. The investigation has made an endeavor to survey the general profile of tax evasion and black money in India, especially regarding causes, effects and government activities. Tax evasion happens when people purposely neglect to conform to their tax commitment. The subsequent tax income misfortune may make genuine harm the best possible working of the public sector, undermining its ability to finance its essential costs. The outcomes demonstrate that tax evasion and black money has been growing quickly in India just as in creating countries. It is obvious from the examination that government of India previously presented different commissions for evaluating black economy however estimation reports are not same. This examination additionally explored the outline of the assessment of tax experts with respect to the tax evasion in India, portraying the quantity of elements responsive for tax evasion and analyzing the potential solutions for diminish the issue of tax evasion. The Indian government is increasingly worried about the predominance of the tax evasion and black money and different commissions are framed for controlling it yet results are not all that great. Along these lines, the paper proposes that suggestions of the commissions or laws ought to be executed accurately for lessening terrible impacts of tax evasion and black money and need of isolated direct tax code. The examination shows that there is a huge positive effect of taxation on the economic development of India with Income tax being least viable. Corporation tax apart from other taxes was found to be one of most productive in such a shorter extent of time since its obligation. To control the generation of black money there should be a strong and appropriate legislative framework.