Of late, the issue of black money has come into the forefront of the society with active participation of the growth and the parliament. The main aim of this research paper is to observe the current status of black money in India and its future challenges. The paper evidences that one of the main reasons behind the generation of black money is corruption. In the context of the current status, it includes the sources from where black money is generated and its uses in the country at different levels. The paper shows up to the significant impact of black money on various sections of the society and also represents the framework, policy options the Indian Government should adopt to tackle with the issue. An analysis of the problem provides the ongoing issue of black money i.e. corruption in India and its future course of action. There should be a strong and appropriate legislative framework to control and arrest the generation of black money. This paper also helps to know about the current status of black money in India and its future challenges. Hopefully, the results would contribute to an informed approach on the issue of black money as we are moving forward in this context
