Tax, penalty to be levied at market price under black money law
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
Jul 03, 2015, 18:35 PM ISTGovt notifies rules for asset valuation under black money law
Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1.
Jul 03, 2015, 16:01 PM IST