Demonetisation: Lok Sabha passes new Income Tax Amendment Bill
Lok Sabha has passed Income Tax Amendment Bill, which provides yet another opportunity to black money holders to legalise their wealth.
Nov 29, 2016, 15:04 PM IST
New black money disclosure scheme post demonetisation: All you need to know
Zee Media Bureau
Nov 28, 2016, 20:50 PM IST
New black money scheme proposed; pay 50% tax on unaccounted deposits or 85% if caught
Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 percent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 percent await those who don't disclose but are caught.
Nov 28, 2016, 16:14 PM IST
Demonetisation: Unaccounted deposits to attract 50% tax, 4-year lock-in period
The government had after the shock demonetisation, given a 50-day window beginning November 10 for either depositing the 500 and 1000 rupee notes in circulation or exchanging them for new currency.
Nov 25, 2016, 19:14 PM IST
