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Corruption in India is an issue that adversely affects its economy. The country owes its stunted development largely to the rampant corruption.[1] A study conducted by the Transparency International in 2005 shows that more than 62% of Indians had first hand experience of paying bribes or influence peddling to get jobs done in public offices successfully.In a study conducted in 2008, Transparency International reported that about 40% of Indians had first hand experience of paying bribes or using contacts to get jobs done in public offices.Corruption in India is a problem that has serious implications for both protecting the rule of law and ensuring access to justice There have been several cases of collusion of officials of the income tax department of India for preferential tax treatment and relaxed prosecutions in exchange for bribes.Black money refers to money that is not fully or legitimately the property of the 'owner'. A white paper on black money in India by the Government of India suggests two possible sources of black money in india.