Pay 50% Tax on Unaccounted Deposits, or 85% if Caught
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 per cent tax and penalty will be levied on undisclosed wealth that is discovered […]