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30% tax, 10% penalty, 33% surcharge proposed on undisclosed income under demonetisation – Economic Times

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Economic Times
30% tax, 10% penalty, 33% surcharge proposed on undisclosed income under demonetisation
Economic Times
NEW DELHI: The Centre on Monday tabled amendments to the Income Tax Amendment Bill in its bid to check large, unaccounted cash deposits post demonetisation. According to reports, the government has proposed 30% tax on undisclosed income, along …
Post-demonetisation, police have made big cash seizures – without the power to do so under lawScroll.in
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