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Tuesday 29 November 2016

Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

 

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NEW DELHI: Providing yet another opportunity to black money holders to legalise their wealth, government has proposed to tax at 50 per cent the unaccounted demonetised cash that is disclosed voluntarily till December 30, after which a steep up to 85
Tax defaulters get another chance
75% penalty, surcharge on undisclosed income, new black money scheme launched (Roundup)

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