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Unaccounted For Bank Deposits May Attract 60% Tax: Sources – NDTV

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NDTV
Unaccounted For Bank Deposits May Attract 60% Tax: Sources
NDTV
New Delhi: The Cabinet on Thursday is believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes. The move comes amid …
Demonetisation: Unaccounted bank deposits face 50% tax,4-year lock-inTimes of India
Now, bank deposits since Nov 8 may attract 60% income taxBusiness Standard
New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted depositsEconomic Times
Financial Express –Daily Mail –Deccan Herald
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