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New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits – Economic Times

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Economic Times
New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
Economic Times
A disclosure scheme may finally be in place for those depositing unaccounted cash in banks under demonetisation. They will have to pay 50% tax and also forego the use of their money for four years. Anyone not availing of this scheme and gets
Unaccounted For Bank Deposits May Attract 60% Tax: SourcesNDTV
Now, bank deposits since Nov 8 may attract 60% income taxBusiness Standard
Demonetisation: As bank deposits grow by Rs 6 lakh cr, government set to impose hefty leviesFinancial Express
Hindustan Times –Moneycontrol.com –The Statesman –The Asian Age
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